TPG to invest Rs 1837.5 crore in Reliance Retail
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Global alternative asset firm TPG will invest Rs 1,837.5 crore to buy 0.41 per cent stake in Reliance Retail Ventures Limited (RRVL), the retail arm of Reliance Industries, a statement by the Indian firm said on Saturday. This investment values Reliance Retail at a pre-money equity value of Rs 4.285 lakh crore. “TPG's investment will translate into a 0.41 per cent equity stake in RRVL on a fully diluted basis,” it said.