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KKR to invest 1.26% stake in Reliance Retail Ltd.

Hitesh Maurya

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After bringing investors to the Reliance Jio platform, this time Mukesh Ambani is planning to bring investors to his retail company. Recently, they got their second investor K. After the popular tech investor company Silver Lake, this time the American company KKR is going to be a partner in Reliance Retail Limited. They said in a statement that they were going to buy a 1.26% stake in Reliance Retail Limited.

To acquire this partnership, they will invest Rs 5,500 crore in Reliance Retail Limited. Let me tell you, KKR has a valuation of Rs 4.21 lakh crore for this entire investment. This agreement has already been completed.

Asked about this, Mukesh Ambani said, “We are very happy to have KKR as an investor in Reliance Retail Ventures. We are going to advance the Indian retail ecosystem for the benefit of every Indian. And it has already received a positive response. ”

Earlier, Silver Lake, an American equity firm, had invested in Reliance Retail Ventures Limited. The company had bought a 1.75% stake in Reliance by investing Rs 6,500 crore.

The post KKR to invest 1.26% stake in Reliance Retail Ltd. appeared first on Tech Pingo.

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Even if you don't have money in the bank, find out how to make the payment

Hitesh Maurya

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Nowadays UPI i.e. Unified Payment Interface has become very popular. By paying with this system, you can make contactless payments anywhere in the country. But, to make UPI payment, it is very important to have money in your bank account. But, there is a special way through which you can pay the arrears later even if you have paid earlier. You do not have to pay extra for this. So let's find out more about this method.

ICICI Paylater –

The first way is ICICI Paylater. By creating such an account with ICICI Bank, you can scan the UPI QR code and make payment to any seller. It allows you to easily use features like credit cards, but it will work even if you do not have a credit card balance. After creating such an account, you have to pay the arrears to the bank later. However, there are some conditions to get this benefit. Let's find out.

With Pay Letter account you can make payments to all the vendors who accept UPI payments. It will be easy to make payments to any online merchant such as Amazon, Flipkart, PhonePay, FuturePay. You will also be able to make payments at small stores that accept UPI payments. However, you will not be able to pay credit card bills or pay any person through this type of account.

epaylater –

It is a startup business started by a company called epaylater in association with IDFC Bank. Here also you can pay the selected merchant by paying through UPI ID. You do not have to deposit money in the bank in advance. Customers of any bank can open such an account.

FlexPay –

Hyderabad based company Vivid India Finance has come up with a new system through which you can get UPI credit. Later you have to settle the arrears of the company.

The post Even if you don't have money in the bank, find out how to make the payment appeared first on Tech Pingo.

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