PE Firm KKR Invests Rs2,069cr In Reliance Retail


Global private equity firm Kohlberg Kravis Roberts, (KKR), will invest Rs 2,069.50 crore in Reliance Retail Ventures, thereby raising its stake to 1.42 per cent from 1.17 per cent in the retail giant.

The follow-on investment by KKR values the retail subsidiary of Reliance Industries at Rs 8.36 lakh crore (approximately USD 101 billion). The fresh funding has doubled in value compared to the previous funding round in 2022.

RIL said in a release, “This investment values RRVL at a pre-money equity value of Rs 8.361 lakh crore, which makes it among the top four companies by equity value in the country.”

In 2020, KKR had invested Rs 5,550 crore in Reliance Retail for a 1.17 per cent stake. Three years ago, the retail behemoth had raised Rs 47,265 crore from various global investors, including KKR, at a pre-money equity value of Rs 4.21 lakh crore.

Commenting on the development, Joe Bae, Co-CEO, KKR, said, “Throughout our investment period in Reliance Retail, we have been impressed by the company’s vision and extensive work to empower retailers across India through digitalisation, as well as by its resilience and performance in spite of the pandemic and other disruptions.”

Reliance Retail operates India’s largest retail business with an integrated omnichannel network of over 18,500 stores and digital commerce platforms across grocery, consumer electronics, fashion & lifestyle, and pharma consumption baskets.

Mukesh Ambani, Director, Reliance Retail, said, “We look forward to continued engagement with KKR and to benefit from their global platform, industry knowledge and operational expertise, in our journey towards driving transformation of the Indian retail sector.”

KKR has invested in Reliance Retail, joining Qatar Investment Authority in backing the company. The investment values Reliance Retail at USD 100 billion. The transaction is subject to regulatory approvals.

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