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The Times of India
The Times of India
Business
Bloomberg

KKR to invest $250 million in Mukesh Ambani’s retail unit

Mukesh Ambani KKR KKR & Co Walmart Inc India Reliance

Global investment firm KKR & Co will invest an additional 20.69 billion rupees ($249.19 million) in Indian billionaire Mukesh Ambani’s rapidly expanding retail unit that rivals global competitors including Amazon.com Inc and Walmart Inc in the world’s most populous nation.

KKR’s follow-on investment will take its total equity stake to 1.42% in in Ambani’s Reliance Retail Ventures Ltd on a fully-diluted basis, the Mumbai-based firm said in an exchange filing Monday. In 2020, KKR had invested 55.50 billion rupees in the retail unit.

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