Reliance Retail raises Rs.47,265 crore from 10.09% stake sale

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Reliance Retail Ventures ltd(RRVL) completes Rs.47,265 crores by selling 10.09% stake of the company in less than two months. Rs.9,555 crore was invested by Saudi Arabia’s PIF. The company has allotted 69.27 crore shares to private equity firma Silver Lake Partners, KKR, GIC, TPG and General Atlantic, as well as sovereign wealth funds Mubadala, ADIA and PIF.

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