<p>Global equity firm General Atlantic will invest Rs 3,675 crore in Reliance Industries's retail arm, Reliance Retail Ventures Limited (RRVL). </p>.<p>This investment will value Reliance Retail at a pre-money equity value of Rs 4.285 lakh crore.</p>.<p>General Atlantic’s investment will translate into a 0.84% equity stake in RRVL on a fully diluted basis, RIL said in a statement.</p>.<p>This marks the second investment by General Atlantic in a subsidiary of Reliance Industries, following a Rs 6,598.38 crore investment in Jio Platforms announced earlier this year.</p>
<p>Global equity firm General Atlantic will invest Rs 3,675 crore in Reliance Industries's retail arm, Reliance Retail Ventures Limited (RRVL). </p>.<p>This investment will value Reliance Retail at a pre-money equity value of Rs 4.285 lakh crore.</p>.<p>General Atlantic’s investment will translate into a 0.84% equity stake in RRVL on a fully diluted basis, RIL said in a statement.</p>.<p>This marks the second investment by General Atlantic in a subsidiary of Reliance Industries, following a Rs 6,598.38 crore investment in Jio Platforms announced earlier this year.</p>