Yet another cheque for Reliance Retail: This time from General Atlantic for Rs 3675 cr

Yet another cheque for Reliance Retail: This time from General Atlantic for Rs 3675 cr

The corporations that invested in Reliance Industries’ digital subsidiary Jio Platforms in an enormous method are reposing religion in its retail arm, Reliance Retail, too. First it was Silver Lake. Then it was KKR. 

And now General Atlantic, which had invested Rs 6,598.38 crore in Jio Platforms, is shelling out Rs 3675 crore (round $498.2 million) at a pre-money fairness worth of Rs 4.285 lakh crore for a 0.84% fairness stake in Reliance Retail. 

Leave a Reply

Your email address will not be published. Required fields are marked *