
KKR invests ₹2,069 cr in Reliance Retail at ₹8.4 lakh cr valuation
This is KKR’s second investment in Reliance Retail after an infusion worth ₹5,550 crore in 2020; overall stake buy rises to 1.42%
This is KKR’s second investment in Reliance Retail after an infusion worth ₹5,550 crore in 2020; overall stake buy rises to 1.42%
Post RIL’s 46th AGM, several analysts have maintained their rating and target price on RIL shares, expecting an upside potential of up to 23%.
The valuation of Reliance Retail has almost doubled to ₹8.28 lakh crore in less than three years from ₹4.28 lakh crore in September 2020, says RIL chairman at the 46th AGM.
While RIL shares gained 0.3% in early trade, JFSL snapped five sessions losing streak and rose 2.6% on the BSE.
This investment values Reliance Retail at a pre-money equity value of ₹8.278 lakh crore.
Reliance Retail has also registered a user base that has reached 249 million in FY 2022-23.
Retail chain giants are back with a bang and continue to add muscle to India’s $110 billion organised retail story with more stores and footfalls.
The margins in beauty are north of 45%-50%, thus making it an attractive business for retailers
The bankrupt retailer failed to attract resolution plans in previous attempts
The Mukesh Ambani-led conglomerate posted a profit of ₹19,299 crore for the fourth quarter.