Reliance Retail Ventures Limited (RRVL) today announced that it had raised ₹47,265 crores by selling a 10.09% stake in the company.
Reliance Retail’s fund-raising spree began with Silver Lake investing ₹7,500 crore in the company for a 1.60% stake. Subsequently, global investors including KKR, Mubadala, ADIA, GIC, TPG, General Atlantic and PIF too made investments in the company. On a whole, RRVL raised a total of ₹47,265 crore for a 10.09% stake in the company between September 25 and November 9. It allotted a total of 69,27,81,234 equity shares to its investors.
“We are proud to have such strong and reputed partners in RRVL. We feel honoured by the phenomenal interest shown by investors in our business and look forward to working with our partners to benefit from their experience and global connectivity. With our focus on New Commerce, we are committed to playing a transformational role in the Indian retail sector by empowering millions of merchants and micro, small and medium enterprises,” Reliance Retail Director Isha Ambani said in a statement.
Here are the top things you need to know about Reliance Retails fund-raising spree:
— Silver Lake invested ₹7,500 crore for a 1.60% in the company. Later, it invested ₹1,875 crore for a 0.40% stake in the company.
— KKR invested ₹5,550 crore for a 1.19% stake in RRVL.
— Mubadala invested ₹6,247.50 crore for a 1.33% stake in RRVL.
— ADIA invested ₹5,512.50 crore for a 1.18% stake in RRVL.
— GIC and TPG invested ₹5,512.50 crore and ₹1,837.50 crore for 1.18% and 0.39% stakes in the company.
— General Atlantic invested ₹3,675 for a 0.78% stake in the company.
— PIF invested ₹9,555 for a 2.04% stake in RRVL
