KKR & Co To Invest ₹2,069.50 Crore In Reliance Retail Ventures At An Equity Value Of ₹8.361 Lakh Crore; To Increase Equity Stake From 1.17% To 1.42%
Portfolio Pulse from Benzinga Newsdesk
KKR & Co is set to invest ₹2,069.50 crore in Reliance Retail Ventures, increasing its equity stake from 1.17% to 1.42%. The investment values Reliance Retail at an equity value of ₹8.361 lakh crore. This is a follow-on investment by KKR, reaffirming its belief in the market opportunity and Reliance Retail's business model.
September 11, 2023 | 2:53 pm
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POSITIVE IMPACT
KKR & Co is increasing its investment in Reliance Retail Ventures, indicating confidence in the company's future prospects.
KKR's decision to increase its stake in Reliance Retail Ventures suggests that it sees significant growth potential in the company. This could potentially lead to increased investor confidence in KKR, as it indicates that the company is making strategic investment decisions.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100