Now, GIC, TPG put Rs 7,350cr in Reliance Retail

GIC, which manages Singapore’s foreign reserves, will invest Rs 5,513 crore for a 1.2% stake in Reliance Retail Ventures, the holding company of India’s biggest and most profitable retailer, while US-based TPG will put in Rs 1,836 crore for a 0.4% in the unit. These investments have assigned a value of Rs 4.3 lakh crore to Reliance Retail.

from Times of India https://ift.tt/34hNh32