Reliance Industries has completed the sale of about 10 per cent stake in its retail unit to a clutch of foreign investors for Rs 47,265 crore.

Since September 25, the company has sold 10.09 per cent stake in Reliance Retail Ventures Ltd (RRVL) to private equity firms Silver Lake Partners, KKR, GIC, TPG and General Atlantic, as well as sovereign wealthfunds Mubadala, ADIA and PIF.

Silver Lake Partners bought 2 per cent stake in two tranches for Rs 9,375 crore while KKR invested Rs 5,550 crore for 1.19 per cent interest.

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GIC and Abu Dhabi Investment Authority (AIDA) each bought 1.18 per cent for Rs 5,512.50 crore. The UAE’s Mubadala bought 1.33 per cent stake for Rs 6,247.50 crore.

Public Investment Fund, the sovereign wealth fund of Saudi Arabia, bought 2.04 per cent stake for Rs 9,555 crore.

Besides, General Atlantic invested Rs 3,675 crore for 0.78 per cent stake and TPG put in Rs 1,837.50 crore for 0.39 per cent interest.

Reliance Retail Ltd, a subsidiary of RRVL, operates India’s largest, fastest-growing retail business serving close to 640 million footfalls at its 12,000 stores across the country. Its business includes supermarkets, consumer electronics chain stores, cash and carry wholesale business, fast-fashion outlets, and online grocery store JioMart.

The investments equip Reliance Retail with funds to compete in both offline and online formats as well as giving ammunition for battle against rivals such as Walmart-owned e-commerce company Flipkart and Amazon.