General Atlantic To Invest Rs 3675 Crore In Reliance Retail, Deals For 0.84% Stake
Mumbai : The share sale in Reliance Retail, a retail business unit of Reliance Industry, continues, and now the global equity unit General Atlantic has decided to buy a 0.84 per cent stake in Reliance Retail. For this, General Atlantic will pay Rs 3675 crores. This information has been given by Reliance Industry on Wednesday morning.
General Atlantic had earlier invested in Reliance Industries’ telecom arm Jio, in early 2020, General Atlantic invested Rs 6595.3 crore in Reliance Jio.
The business of Reliance Retail has grown rapidly in the last few days. According to the company, the service of Reliance Retail is being provided to millions of people daily and millions of farmers and small and medium units have got employment. After this new investment in Reliance Retail, there is a possibility of buying in the stock of Reliance Industry in the stock market today.
General Atlantic is a global growth equity entity and has been investing in companies related to technology, consumer, financial services and healthcare for the last 40 years.
