Singapore-based investment firm GIC has furnished the Rs 5,512.5 crore subscription amount for a 1.22 percent stake in the retail arm of Reliance Industries (RIL), the Mukesh Ambani-led firm informed exchanges on October 16. "Reliance Retail Ventures Limited, a subsidiary of the Company, today received the subscription amount of Rs 5512.50 crore from Gamnat Pte Ltd and Lathe Investment Pte. Ltd. (GIC) and allotted in the aggregate 80,798,827 equity shares to GIC," RIL said in an exchange filing. Earlier this month, Reliance had announced the deal with the investment equity firm which valued Reliance Retail at a pre-money equity value of Rs 4.285 lakh crore. On October 14, RIL had received the Rs 5,550 crore subscription amount from American buyout firm KKR & Co. The latest investments are part of a slew of deals confirmed by RIL in its retail unit, from big-name investors around the world. Earlier, on October 1, RIL ann...
Pre IPO | Private Equity | Unlisted Shares