Mumbai: General Atlantic, a leading global growth equity firm, will invest Rs 3,675 crore into Reliance Retail Ventures Limited (RVL).
This investment values Reliance Retail at a pre-money equity value of Rs 4.285 lakh crore.
General Atlantic’s investment will translate into a 0.84% equity stake in RRVL on a fully diluted basis.
This marks the second investment by General Atlantic in a subsidiary of Reliance Industries, following a Rs 6,598.38 crore investment in Jio Platforms announced earlier this year.
General Atlantic is a leading global growth equity firm with a 40-year track record of investing in the Technology, Consumer, Financial Services and Healthcare sectors.