Reliance Retail Ventures Ltd (RRVL), a wholly-owned subsidiary of Mukesh Ambani-controlled Reliance Industries Ltd (RIL), has received subscription amount of ₹3,675 crore from General Atlantic Singapore RL Pte. Ltd.
On September 30, global growth equity firm General Atlantic entered into an agreement to invest ₹3,675 crore into RRVL, a company controlled by Asia’s richest man Mukesh Amabani. General Atlantic’s investment will translate into a 0.84 per cent equity stake in RRVL on a fully diluted basis.
This was the second investment by General Atlantic in a subsidiary of Reliance Industries, following a ₹6,598.38-crore investment in Jio Platforms announced earlier this year.
RRVL, which has been on a fund-raising spree, had received subscription amount of ₹1,837.50 crore from TPG Asia VII SF Pte Ltd (TPG) on October 20.
Earlier on October 17, RRVL had received the subscription amount of ₹5,512.50 crore from Gamnat Pte Ltd and Lathe Investment Pte. Ltd. (GIC).
On October 3, RRVL raised ₹5,512.5 crore from global investment firm GIC in lieu of a 1.22 per cent stake.
Before that on October 15, RRVL had received the subscription amount of ₹5,550 crore from Alyssum Asia Holdings II Pte. Ltd. (KKR).
Sandip Ginodia , CEO
ALTIUS INVESTECH PVT LTD
We deal in over 60 unlisted companies with 15 years of experience
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