InvestorQ : How do you see KKR investing and taking a stake in Reliance Retail Ventures?
Anu Biswas made post

How do you see KKR investing and taking a stake in Reliance Retail Ventures?

Answer
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Ria Jain answered.
4 weeks ago


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.