Last to last week we have published the news that Silver Lake has invested 7500 Crores in Reliance Retail and we have also told at that time that this is just the start and more investors will come and join the bandwagon.
Reliance Retail Plans to sell 1.8% Stake to American PE Silver Lake
Now, KKR picks up a 1.28% stake in Reliance Retail business giving them a second paycheque after Silver Lake. The total value of the deal is worth Rs. 5550 Crores. With this deal in the kitty of Reliance Retail, the total money raised now is Rs. 13050 Crores. This money will help Reliance to expand its growth in the retail segment and help the company to fight the growing competition from Amazon and Walmart.