At present Reliance Industries (Reliance) A big news related to this has come out, according to which global investment firm KKR has decided to make a huge investment of Rs 2069.50 crore in Reliance’s retail company, Reliance Retail Ventures Limited. In this sequence, it is being said that this will further improve the current position of the company and will enable expansion in the field of business.
KKR’s stake increased with investment in Reliance
Global investment firm KKR is known for its investment policy. The company has already reliance Had invested in retail company Reliance Retail Ventures Limited. Under this, KKR had 1.17 percent stake in the company. Now with this investment of Rs 2069.50 crore, the stake of KKR has increased and it has become the owner of 1.42 percent stake of the company. Let us tell you that with this investment by global investment firm KKR, Reliance Retail Ventures has become the fourth largest company in the country in terms of equity value. Reliance has issued a statement giving information in this regard.
Reliance issued statement after investment
If reports are to be believed, after this investment by KKR, Reliance has issued a statement calling it a big achievement. Reliance Retail Director Isha Ambani said that we are extremely happy with the continuous investment the company is receiving. We respect and thank all investors. During this time he also emphasized on the vision and capability of the company. Let us tell you that just last month, Qatar Investment Authority had bought 0.99 percent stake in Reliance Retail, in return for which investments worth Rs 8278 crore were seen in the company. The level of confidence among global investors in Reliance is continuously increasing, as a result of which investments are being seen in the company.
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