MoneyWorks4Me

General Atlantic to invest Rs 3675 crore in Reliance Industries’ arm

30 Sep 2020 Evaluate

General Atlantic, a leading global growth equity firm is planning to invest Rs 3,675 crore into Reliance Industries’ subsidiary -- Reliance Retail Ventures (RRVL). This investment by General Atlantic values Reliance Retail at a pre-money equity value of Rs 4.285 lakh crore. General Atlantic’s investment will translate into a 0.84% equity stake in RRVL on a fully diluted basis.

Reliance Industries is India’s largest private sector company. The company’s activities span hydrocarbon exploration and production, petroleum refining and marketing, petrochemicals, retail and 4G digital services.

Peers
Company Name CMP
Reliance Industries 1206.65
Indian Oil Corpn. 130.50
Bharat PetroleumCorp 297.00
HPCL 343.05
MRPL 182.85
View more..