increases

KKR increases Reliance Retail stake with new $250Mn investment

Global investment major KKR has upped its stake in Mukesh Ambani’s Reliance Retail Ventures with an additional investment of ₹2,069.50 crore (nearly $250 million), which elevates the valuation of the company to a staggering $100 billion. This follow-on investment boosts KKR’s equity stake in Reliance Retail to 1.42% on a fully diluted basis owing to … [Read more…]

Walmart pays $3.5Bn to buy out existing Flipkart shareholders, increases stake to over 80%

In a strategic move, American retail giant Walmart revealed that it has spent a total of $3.5 billion over the first six months of this year in order to acquire additional stake in Flipkart from non-controlling stakeholders. This substantial investment includes the purchase of shares held by co-founder Binny Bansal, as well as investments by … [Read more…]