In the second round of stake sale in Reliance Retail, RIL offered 1.28% stake in Reliance Retail Ventures to KKR or Kohlberg Kravis Roberts for a consideration of Rs.5500 crore. This pegs the valuation of Reliance Retail ventures at Rs.430,000 crore or $58.50 billion.
Earlier, RIL had already sold a 1.75% stake in Reliance Retail Ventures to Silver Lakes Fund for a consideration of Rs.7500 crore. Even in the first case, the valuation was aprpxomately pegged at $58.50 billion.
With this sale, RIL has managed to monetize 3.03% of its stake in Reliance Retail for a consideration of Rs.13,000 crore. It may be recollected that both, KKR and Silver Lakes, had picked up a stake in Jio Platforms too in the earlier round.
In the second round of stake sale in Reliance Retail, RIL offered 1.28% stake in Reliance Retail Ventures to KKR or Kohlberg Kravis Roberts for a consideration of Rs.5500 crore. This pegs the valuation of Reliance Retail ventures at Rs.430,000 crore or $58.50 billion.
Earlier, RIL had already sold a 1.75% stake in Reliance Retail Ventures to Silver Lakes Fund for a consideration of Rs.7500 crore. Even in the first case, the valuation was aprpxomately pegged at $58.50 billion.
With this sale, RIL has managed to monetize 3.03% of its stake in Reliance Retail for a consideration of Rs.13,000 crore. It may be recollected that both, KKR and Silver Lakes, had picked up a stake in Jio Platforms too in the earlier round.