Funding companies GIC, TPG to put money into Reliance Retail

2020/10 06 12:10

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Reliance Industries Ltd and its subsidiary Reliance Retail Ventures Restricted (RRVL) just lately introduced that world funding companies TPG and GIC will respectively make investments ₹1,837.5 crore and ₹5,512.5 crore in RRVL. Each investments worth Reliance Retail at a pre-money fairness worth of ₹four.285 lakh crore. That is the second funding by TPG in a Reliance subsidiary, following a ₹four,546.Eight-crore funding in Jio Platforms introduced earlier this 12 months.

The TPG and GIC investments will respectively translate into zero.41 per cent and 1.22 per cent fairness stakes in RRVL on a totally diluted foundation, in accordance with a Reliance Industries press launch.

TPG is making the funding from its TPG Capital Asia fund.

The transaction is topic to regulatory and different customary approvals.

Fibre2Fashion Information Desk (DS)


Reliance Industries and its subsidiary Reliance Retail Ventures Restricted (RRVL) just lately introduced that world funding companies TPG and GIC will respectively make investments ₹1,837.5 crore and ₹5,512.5 crore in RRVL. Each investments worth Reliance Retail at a pre-money fairness worth of ₹four.285 lakh crore. That is the second funding by TPG in a Reliance subsidiary.




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