Reliance Retail Scores Fresh Capital From Singapore Wealth Fund, Tpg

by techcircle.in posted 5months ago 24 views
Reliance Retail Ventures Limited (RRVL), the retail subsidiary of Reliance Industries Limited (RIL), has announced a fresh round of investment from the sovereign wealth fund of Singapore government, GIC and San Francisco based private equity firm, TPG. GIC will invest $753.6 million ( about Rs 5512.5 crore) in RRVL for a 1.22% stake in the company while TPG will pick 0.41% equity for an investment of $256.14 million (Rs 1837.5 crore). The investment values RRVL at $58.5 billion (Rs 4.285 lakh crore) pre-money.

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