KKR and Silver Lake join the race for investment in RIL’s retail business.

KKR and Silver Lake join

KKR has invested Rs 11,367 crore in Jio platforms

  • Facebook has taken about 10% stake on Jio platform with an investment of about 45 thousand crores.

After heavy investment in Mukesh Ambani’s telecom company Reliance Rio, Facebook and US equity firm KKR are preparing to invest in the retail business of Reliance. According to media reports, after the acquisition of Future Group’s retail business, American companies are showing interest in investing in Reliance Retail.

Silver Lake can also invest

Retail subsidiary of US private equity firm Silver Lake Reliance Industries Ltd may buy a stake in Reliance Retail. Silver Lake is in talks with Reliance Industries to invest $ 1 billion (about Rs 7500 crore) in Reliance Retail. It stated this in the Financial Times report quoting sources familiar with the matter.

Reliance Retail and Future Group deal for Rs 24713 crore

Reliance Retail Ventures Ltd (RRVL), a subsidiary of Reliance Industries, is going to acquire the retail and wholesale business and logistics and warehousing business of Future Group. This will give Reliance Future Group access to over 1,800 stores of Big Bazaar, Easyday and FBB, spread across 420 cities in the country. This deal has been finalized in 24713 crores.

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Reliance Retail valued at $ 57 billion

According to the report, this investment of Silver Lake is being made on the basis of Reliance Retail’s value of $ 57 billion (about Rs 4.18 lakh crore). Mukesh Ambani-led Reliance Industries is planning to sell a 10 per cent stake in its retail subsidiary Reliance Retail. They will sell the stake as new shares. However, Silver Lake and Reliance Industries have not responded to the stake sale.

Chairman of Reliance Group Mukesh Ambani, which deals in the oil to telecom business, is preparing to enter the retail business in India. Ambani is looking for potential investors for this expansion. A recent media report claimed that US-based retail giant Walmart Inc is also in talks to buy a stake in Reliance Retail. Walmart Inc also bought India’s leading e-commerce company Flipkart in 2018.

KKR, Silver Lake and Facebook invest in Reliance Jio

Mukesh Ambani, chairman of Reliance Industries, has sold more than 33 per cent stake in its digital subsidiary Jio Platforms since April. Mukesh Ambani has raised Rs 1.52 lakh crore from stake sale of Jio Platforms. This amount has been used to repay the debt of Reliance Industries. Social media company Facebook and tech company Google have also bought stakes in Jio platforms. KKR has invested $ 1.5 billion (about Rs 11,367 crore) in Jio platforms. At the same time, Facebook has also taken a 10% stake on the Jio platform with an investment of about 45 thousand crores. At the same time, American equity firm Silver Lake has also bought a 2.08 per cent stake in Jio Platforms.

Also Read:Eight Of Top 10 Valued Firms Lose Rs 1.11 Lakh Cr In Market Cap, ICICI Bank, RIL Worst Hit


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