KKR raises stake in Indian billionaire Ambani's Reliance Retail with $250m

KKR raises stake in Indian billionaire Ambani's Reliance Retail with $250m

FILE PHOTO: Shopping trolleys are parked outside a Reliance supermarket in Mumbai, India, March 16, 2021. Picture taken March 16, 2021. REUTERS/Niharika Kulkarni

KKR & Co Inc has increased its stake in Indian billionaire Mukesh Ambani’s Reliance Retail Ventures by investing an additional $250 million at a valuation of $100 billion, adding to its bet on the country’s biggest retailer.