GIC and TPG Invest 73.50 Billion Rupees in Reliance Retail , Gets 1.63% stake

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GIC and TPG invests  combined 1 Billion dollar which is 73.50 Billion Rupees in Reliance Retail . GIC is a Singapore Based Sovereign Wealth Fund and TPG Capital is a global private equity firm . This the Sixth Investment in Reliance Retail Since September . Before this Abu Dhabi’s Mubadala invests in Reliance Retail

Reliance Retail

GIC and TPG will get 1.22% and 0.41% stake respectively in Reliance Retail . Both GIC and TPG will invest 752 Millions  USD  and 250 Million USD respectively to get this stake . This Investment in Reliance Retail will be at  pre-money equity value of Rs 4.285 Lakh Crores .

Before this investment Reliance Retail received Five Investment . These investments are from as follows –  Two investment by Silver Lake and investment amount is Rs 7,500 crore  and 1,875 crore which is  around 1.9% stake . KKR investment amount is  Rs 5,500 crore which is 1.28% stake . General Atlantic’s bought 0.84% stake by investing Rs 3,675 Crore .Mubadala invests 6,247.5 Crore Rupees and got 1.4% stake

It looks like that Mukesh Ambani is having a Midas Touch . Everywhere he is putting his hand he is getting success . Firstly He Launched Jio in 2016 and in four years he made Jio , Number 1 telecom operator of India . Now in Reliance Retail , After Acquiring Future Group he is receiving investments in Reliance Retail from every corner of world .

Reliance Industries is now looking to Expand Globally that’s why it is offering  Big Investment fund houses to invest in Reliance Jio and Reliance Retail .

Previously Reliance has Launched JioMart .Jio Mart is launched by Jio Platforms- which is an Digital arm of Reliance Industries   . Jio Platforms have Received 20 Billions USD since April 2020 from Global Tech Firms such as Facebook , Google and Qualcomm .

Reliance Retail was founded in 2006 . It owns 12,000 stores in more than 6,500 cities and towns across India . Reliance Retail get more than 3.5 Million Footfall Every week . Reliance Retail is the largest retail chain in India .

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