KKR picks up 1.28 pc stake in Reliance Retail for Rs 5,550 cr

KKR picks up 1.28 pc stake in Reliance Retail for Rs 5,550 cr

US private equity firm KKR & Co will invest Rs 5,550 crore to buy a 1.28 per cent stake in Reliance Industries Ltd''s retail arm as the Mukesh Ambani-run conglomerate extends fundraising spree that has already netted more than USD 20 billion.