KKR invests another $250 million in Reliance Retail

Reliance Retail, India’s largest retailer owned by billionaire Mukesh Ambani, has received another $250 million investment from KKR, a global private equity firm. This boosts KKR’s stake in the company to 1.42% from 1.17%, valuing Reliance Retail at $100 billion. The deal is part of Reliance Retail’s ongoing fundraising efforts, which have attracted several foreign…