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Global investment firm KKR announced that it will invest approximately $834 million into Reliance Retail Ventures Limited (RRVL), a subsidiary of Indian energy giant Reliance Industries. KKR’s investment will translate into a 1.28% equity stake in RRVL on a fully diluted basis.

  • This marks the second investment by KKR in a subsidiary of Reliance Industries, following a $2 billion investment in Jio Platforms announced earlier this year.
  • Reliance Retail Limited, a subsidiary of RRVL, operates India’s largest, fastest growing and most profitable retail business serving close to 640 million footfalls across its ~12,000 stores nationwide.

    The major deals and supports by Reliance Industries are featured below:

Sep 2020: The world’s largest technology investor Silver Lake announced that it will invest approximately $1.127 billion into Reliance Retail, a subsidiary of Reliance Industries in India. Silver Lake’s investment will translate into a 1.75% equity stake in Reliance Retail on a fully diluted basis.

Aug 2020: The leading investment company British Columbia Investment Management Corporation, along with Brookfield Infrastructure Partners L.P, announced acquisition of a 100 per cent stake in a telecom tower company in India from a wholly-owned subsidiary of Reliance Industries Limited for approximately US$3.4 billion.

Aug 2020: Reliance Industries Limited announced that its subsidiary Reliance Retail Ventures Limited (RRVL) to acquire the Retail & Wholesale Business and the Logistics & Warehousing Business from the Future Group for approximately $3.6 billion.

Aug 2020: Reliance Retail Ventures Limited (RRVL) a subsidiary of India’s leading organisation Reliance Industries Limited (RIL) has acquired a majority equity stake in Vitalic Health Pvt. Ltd. and its subsidiaries (Collectively known as ‘Netmeds’) for approximately $93 million.

July 2020: The search engine giant Google LLC announced a binding agreement with Jio Platforms Limited a subsidiary of Reliance Industries, for an investment of approximately $5 billion. Google’s investment will translate into a 7.73% equity stake in Jio Platforms on a fully diluted basis.

July 2020: The wireless technologies leader Qualcomm Incorporated announced that its investment arm Qualcomm Ventures to invest approximately $110 million in Jio Platforms a leading digital platform provider in India. Qualcomm Ventures’ investment will translate into 0.15% equity stake in Jio Platforms on a fully diluted basis.

July 2020: The global energy company bp and India’s Reliance Industries Limited (RIL) announced the start of their new Indian fuels and mobility joint venture, Reliance BP Mobility Limited (RBML). As per earlier agreement bp has paid RIL $1 billion for a 49% stake in the joint venture, with RIL holding 51%.

June 2020: Jio Platforms Limited, a wholly-owned subsidiary of Reliance Industries announced that global alternative asset firm TPG will invest approximately $683 million in Jio Platforms.

June 2020: Reliance Industries subsidiary Jio Platforms announced that Abu Dhabi state fund Mubadala Investment Co. of UAE will purchase around 1.85% stake of Jio Platforms, for approximately $1.21 billion.

May 2020: Jio Platforms, announced that KKR will invest approximately $1.7 billion into Jio Platforms. This is KKR’s largest investment in Asia and will translate into a 2.32% equity stake in Jio Platforms on a fully diluted basis.

May 2020: Jio Platforms Limited announced an investment of around USD 990 million by a leading global growth equity firm General Atlantic. General Atlantic’s investment will translate into a 1.34% equity stake in Jio Platforms on a fully diluted basis.

April 2020: Reliance Industries Ltd. (RIL) had announced that it will enhance its support to the service of the nation 24×7 in a collective fight against Covid-19. The company has already initiated a multi-pronged prevention, mitigation, and ongoing support strategy that is comprehensive, sustainable, and resilient.

March 2020, RIL announced $66 million contribution to India’s PM CARES Fund to fight against Covid-19. The company also supports with medical devices, food delivery for health workers and caregivers. The company announced that its employees are ready for nation’s service daily.

About Reliance Industries Limited
Reliance Industries Limited, headquartered in Mumbai, India, is a leading multinational company. RIL’s activities include petroleum refining and marketing, hydrocarbon exploration and production, petrochemicals, retail and digital services. The company’s products and services portfolio touches almost all Indians on a daily basis, across economic and social spectrums.

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