Silver Lake to invest Rs 7,500 crore in Reliance Retail for 1.75% stake

Global technology investment firm Silver Lake has decided to invest Rs 7,500 crore ($ 1 billion) in Reliance Retail Ventures Ltd (RRVL), the retail arm of Reliance Industries Ltd, valuing RRVL at a pre-money equity value of Rs 4.21 lakh crore. Silver Lake’s investment will translate into a 1.75 per cent equity stake in RRVL on a fully diluted basis.

This is the second billion dollar investment by Silver Lake in a Reliance Industries subsidiary after the $1.35 billion investment in Jio Platforms announced earlier this year. Reliance Retail Ltd, a subsidiary of RRVL, operates India’s largest retail business serving close to 640 million footfalls across its 12,000 stores nationwide.