Focus on New Commerce, says Isha Ambani
Reliance Retail Ventures Ltd, which has raised Rs.47,265 crore, is committed to playing a transformational role in the Indian retail sector by empowering millions of merchants and micro, small and medium enterprises.
“With our focus on New Commerce, we are committed to playing a transformational role in the Indian retail sector by empowering millions of merchants and micro, small and medium enterprises,” RRVL Director Isha Mukesh Ambani said announcing the fund raining on 19 Nov 2020.
RRVL has received a cumulative subscription amount of Rs.47,265 crore from the following financial partners and allotted 69,27,81,234 equity shares to them. The respective equity stake in RRVL, on a fully diluted basis, is also provided in the following table:
Silver Lake Partners: Rs.7,500 crore, taking 1.60% stake in RRVL.
Silver Lake Partners – Co-investors: Rs.1,875 crore for 0.40% stake.
KKR: Rs.5,550 crore for 1.19% stake,
Mubadala: Rs. Rs.6,247.50 crore for 1.33% stake.
ADIA: Rs.5,512.50 crore for 1.18% stake.
GIC: Rs.5,512.50 crore for 1.18% stake.
TPG: Rs.1,837.50 crore for 0.39% stake.
General Atlantic: Rs.3,675 crore for 0.78% stake.
PIF: Rs.9,555 crore for 2.04% crore.
Total: Rs.47,265 crore for 10.09% stake.
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