Mukesh Ambani’s Reliance Retail is going at a rapid speed and with an aim to capitalize from that growth, global investment firm KKR has acquired more stake in the firm by investing around Rs 2069 crore. After the massive investment, KKR’s stake in Reliance Retail has increased to 1.42%. KKR invested around Rs 5550 crore in the company now led by Isha Ambani in 2020. The latest investment has valued Reliance Retail at Rs 8.361 lakh crore, making it one of the top companies by equity value in India. “We look forward to continued engagement with KKR and to benefit from their global platform, industry knowledge and operational expertise, in our journey towards driving transformation of the Indian retail sector.” said Isha Mukesh Ambani, Director, Reliance Retail Ventures Limited on the investment.
Jimmy Choo, Georgio Armani, Hugo Boss, Versace, Michael Kors, Brooks Brothers, Armani Exchange, Burberry and many other global brands are available in India as a Reliance Retail partner brand. The company invested Rs 82,646 crore in the last 2 years. After all the acquisitions and investments, the current store count of Reliance Retail stands at Rs 18,040.
Reliance Retail’s valuation has doubled in the last 3 years. Mukesh Ambani named Isha Ambani as new leader of Reliance Retail in August 2022 and since then the company has been aggressive with the expansion. Over the past few years, Reliance Retail has attracted investments from large and reputable global investment firms and sovereign wealth funds
As revealed in the by Isha Ambani, Reliance Retail has opened 3300 stores last year. Reliance Retail is among the top 10 most visited retailers in the world and the only Indian retailer in the global top 100 list with 78 crore store footfall and over 100 crore transactions.
