Reliance Industries announced that global investment firm GIC will invest ₹ 5,512.5 crore into its retail arm Reliance Retail Ventures Limited (RRVL) and also and also another investment firm TPG will invest 1,837.5.Reliance Industries said in a regulatory filing that both GIC and TPG investment will translate 1.22% equity stake and a 0.41% equity stake in RRVL respectively on a fully diluted basis.
Reliance Retail gets new investment from global investment firms TPG, GIC
Date posted: Monday 5 October 2020