Mumbai : After raising investments in Jio platforms, Mukesh Ambani is now raising funds for his retail company. Reliance Retail, owned by Mukesh Ambani, has got its second investor. After the world’s largest tech investor, Silver Lake, now US equity firm KKR has announced a stake in Reliance Retail. KKR will buy 1.28 per cent stake for Rs 5550 crore.
KKR’s second investment in Reliance
KKR has invested in Reliance Retail at a valuation of Rs 4.21 lakh crore. It is known that in the beginning of the year, KKR invested 11,367 crores in Jio platforms. This is KKR’s second investment in a subsidiary of Reliance Industries.
Silver Lake, the world’s largest tech investor, is set to invest Rs 7,500 crore. In return, the company will get a 1.75 per cent stake in Reliance Retail. Silver Lake has bought a stake in Reliance’s Jio platform for 1.35 billion, or about Rs 10,000 crore. Silver Lake has invested in two Reliance Group companies.
E-commerce company Amazon and social media site Facebook are also preparing to invest in Reliance Retail. Facebook has taken about 10 per cent stake in the Jio platform with an investment of around Rs 45,000 crore. However, Amazon will invest in Reliance Industries for the first time.