Reliance Industries and Reliance Retail Ventures (RRVL) announced today that GIC will invest Rs 5,512.5 crore into RRVL, a subsidiary of Reliance Industries.
This investment values RRVL at a pre-money equity value of Rs 4.285 lakh crore. GIC's investment will translate into a 1.22% equity stake in RRVL on a fully diluted basis.
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(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)
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