InvestorQ : Are Carlyle and Softbank also now interested in buying a stake in Reliance Retail?
Anamika Sodhani made post

Are Carlyle and Softbank also now interested in buying a stake in Reliance Retail?

Answer
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Angel dcosta answered.
2 weeks ago


Like in the case of Jio Platforms, there are a slew of global investors that are interested in buying a stake in Reliance Retail Ventures. After Silver Lakes took a stake in Reliance Retail, others like Softbank and Carlyle have also shown interest but they may be boarded later.

Apparently, Reliance Industries and the Ambani family have asked Softbank and Carlyle to wait as they are already in talks with a number of funds and many were already at an advanced stage of negotiations. RRVL is expected to announce more investors soon.

After Silver Lakes took a 1.75% stake in RRVL for $1.05 billion, other private equity players like KKR & and Catterton are already in talks with the family. In addition, other Jio investors like Abu Dhabi’s Mubadala, ADIA and Saudi Arabia’s Public Investment Fund are also in talks.

The original plan was to monetize about 10% of RRVL but now it looks like the family may monetize more considering the heavy demand for the business. Meanwhile, Amazon is also in talks for a strategic relationship with Reliance to the tune of $20 billion for 40% stake.

For Reliance, the digital and retail business already account for 65% of the market value of Reliance with the O2C or oil to chemicals business accounting for the balance 35%. Reliance has been keen to create an e-commerce giant like China’s Alibaba in India.