Reliance Retail raises INR 7,500 Cr from Silver Lake for new commerce play
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Private equity giant Silver Lake Partners is planning to invest INR 7,500 Cr in the retail unit of India’s Reliance Industries Ltd in exchange for a 1.75% stake. The investment values Reliance Retail at a pre-money equity value of INR 4.21 lakh Cr, RIL said. This marks the second billion-dollar investment by Silver Lake in a Reliance Industries subsidiary after the $1.35 Bn investment in Jio Platforms announced earlier this year.