Friday, 24 March, 2023

Silver Lake to invest additional ₹1875 cr in Reliance Retail

<p>Reliance Industries announced that Silver lake will invest an additional Rs 1,875 Cr in its retail arm &ndash; Reliance Retail Ventures Limited. This brings the aggregate investment by Silver Lake and its co-investors in RRVL to Rs 9,375 Cr, which will translate into a 2.13% equity stake on a fully diluted basis. Reliance Retail now values at a pre-money equity value of Rs 4.285 L Cr. The transaction is subject to regulatory and other customary approvals.</p>