Yet another cheque for Reliance Retail: This time from General Atlantic for Rs 3675 cr

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The companies that invested in Reliance Industries’ digital subsidiary Jio Platforms in a big way are reposing faith in its retail arm, Reliance Retail, too. First it was Silver Lake. Then it was KKR. 

And now General Atlantic, which had invested Rs 6,598.38 crore in Jio Platforms, is shelling out Rs 3675 crore (around $498.2 million) at a pre-money equity value of Rs 4.285 lakh crore for a 0.84% equity stake in Reliance Retail. 

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