Reliance Retail Ventures (RRVL) has raised s47, 265cr on allotting 69,27,81,234 equity shares or 10.09% stake to investors, including Silver Lake Partners, KKR, Mubadala, ADIA, GIC, TPG, General Atlantic, and PIF.
IshaMukeshAmbani, Director of Reliance Retail Ventures Limited, said, “We are proud to have such strong and reputed partners in RRVL. We feel honored by the phenomenal interest shown by investors in our business and look forward to working with our partners to benefit from their experience and global connectivity.”
Morgan Stanley acted as financial advisor to RRVL and Cyril AmarchandMangaldas and Davis Polk & Wardwell acted as legal counsels for the investment round.
Reliance Retail is experiencing fantastic growth in recent times. It also topped the list of ‘50 fastest-growing retailers globally between FY2013-2018’ in the Deloitte's Global Powers of Retailing 2020 index. The RIL-backed Indian Retail behemoth is also making a big splash globally as it is being recognized as one of the most promising retail companies in the world.
“With our focus on New Commerce, we are committed to playing a transformational role in the Indian retail sector by empowering millions of merchants and micro, small and medium enterprises,” added Ambani.
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