Synergies between Mukesh Ambani’s telecom and retail businesses is driving global investors to make a bet on both the platforms. KKR’s $750-million investment in Reliance Retail comes after it put $1.5 billion into Jio earlier. KKR is picking up a 1.3% stake in Reliance Retail at a valuation of $57 billion same as the Silver Lake deal.September 24, 2020 at 04:00AM
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