Reliance Retail

Reliance Retail valued at $57b after $755m investment from KKR

In May, KKR also invested US$1.5 billion in Jio Platforms, the digital services arm of the conglomerate. Source link

The parent company is willing to sell up to a 40% stake in its retail subsidiary to the ecommerce giant….

The cash infusion comes after Silver Lake invested US$1.35 billion in Reliance Industries’ digital services arm Jio Platforms earlier this…