20-Year Pro Trader Reveals His "MoneyLine"
Ditch your indicators and use the "MoneyLine". A simple line tells you when to buy and sell without the guesswork. It’s a line on a chart that’s helped Nic Chahine win 83% of his options buys. Here's how he does it.
KKR & Co Inc (NYSE:KKR), through an affiliate, disclosed an investment of 2,069.50 crore rupees in Reliance Retail Ventures Limited (RRVL), a subsidiary of Reliance Industries.
The investment, representing a pre-money equity value of 8.361 lakh crore rupees, will increase KKR's stake to 1.42% on a fully diluted basis from 1.17%.
The company had invested 5,550 crore rupees in RRVL in 2020 at a pre-money equity value of 4.21 lakh crore rupees.
RRVL operates the largest and fastest-growing retail business in India and serves 267 million loyal customers with an integrated omnichannel network of over 18,500 stores and digital commerce platforms.
"We are pleased to extend our relationship with Reliance Retail Ventures. Throughout our investment period in Reliance Retail, we have been impressed by the company's vision and extensive work to empower retailers across India through digitalization, as well as by its resilience and performance in spite of the pandemic and other disruptions. We look forward to continuing to work alongside the Reliance Retail team to support the company's mission to build a more inclusive Indian retail economy," said Joe Bae, Co-CEO, KKR.
Today, KKR increased investment and disclosed a new equity investment of more than $1 billion in USI Insurance Services.
Last month, the private equity company reported revenues of $3.63 billion for the second quarter (Q2) of 2023. That's significantly higher than $323.4 million a year ago.
It reported after-tax adjusted distributable EPS of $0.73, down 23% Y/Y, which beat the consensus of $0.71.
Also Read: KKR Gets Price Target Bump Following Q2 Earnings & Acquisition Deal
Price Action: KKR shares are trading higher by 0.76% at $63.30 on the last check Monday.
20-Year Pro Trader Reveals His "MoneyLine"
Ditch your indicators and use the "MoneyLine". A simple line tells you when to buy and sell without the guesswork. It’s a line on a chart that’s helped Nic Chahine win 83% of his options buys. Here's how he does it.
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