Global investment firm KKR & Co will invest an additional $249.19 million in Mukesh Ambani’s Reliance Retail Ventures Ltd, bringing its total equity stake to 1.42%. Reliance Retail, headed by Ambani’s daughter Isha, has been expanding rapidly and making acquisitions to compete with global rivals in India’s retail sector.
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KKR to invest $250 million in Mukesh Ambani’s retail unit
Global investment firm KKR & Co will invest an additional $249.19 million in Mukesh Ambani’s Reliance Retail Ventures Ltd, bringing its total equity stake to 1.42%. Reliance Retail, headed by Ambani’s daughter Isha, has been expanding rapidly and making acquisitions to compete with global rivals in India’s retail sector.
Disclaimer
We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.
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