KKR follows Silver Lake, buys 1.3% in Reliance Retail

After Silver Lake invested in Reliance Retail Ventures (RRVL), fellow private equity fund KKR too has decided to back India’s largest retailer. The US firm will pump in Rs 5,550 crore for a 1.3% stake of RRVL, the holding company of billionaire Mukesh Ambani’s retail business.