Announced
Financials
Tags
fruits
Cross Border
Private Equity
vegetables
Single Bidder
Acquisition
India
grocery stores
Minority
Diversified Retailers
Friendly
Pending
retail service
Private
Synopsis
Global investment firms Silver Lake Partners, Mubadala, ADIA, KKR, General Atlantic, GIC, TPG, PIF agreed to invest in Reliance Retail, India's largest retailer and a subsidiary company of Reliance Industries, at a c. $60bn valuation. KKR agreed to acquire a 1.28% stake for $754m. Mubadala Investment Company agreed to acquire a 1.4% stake for $$844m. ADIA agreed to acquire a 1.2% stake for $750m. Silver Lake Partners agreed to acquire a 1.75% stake for $1bn. General Atlantic agreed to acquire a 0.84% stake for $498m. TPG agreed to acquire a 0.41% stake for $250m. GIC agreed to acquire a 1.22% stake for $752m. On November 5, 2020, PIF announced a $1.3bn investment in Reliance Retail for 2% stake.
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