Friday, 24 March, 2023

Silver Lake invests Rs 7,500 crore in Reliance Retail

<p>Reliance Industries announced that Silver Lake will invest Rs 7,500 cr into Reliance Retail Ventures Limited &ndash; a Reliance Industries subsidiary. This investment values RRVL at a pre-money equity value of Rs 4.21 L cr and will translate into a 1.75% equity stake on a fully diluted basis. This marks the second billion-dollar investment by Silver Lake in a Reliance Industries subsidiary after Rs 10,200 crore investment in Jio Platforms, announced earlier this year.</p>