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

[Bapun]

Reliance Industries Ltd said on Wednesday US private equity firm Silver Lake Partners would buy a 1.75% stake in its retail arm for 75 billion rupees ($1.02 billion), as the Indian conglomerate bolsters its retail presence in the country.

This marks the second large investment by Silver Lake in a Reliance Industries subsidiary after putting $1.35 billion (over Rs 10,200 crore) investment in Jio Platforms announced earlier this year.

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

 

[yashwanth05852]

Five key things to know about the Reliance Retail-Silver Lake deal:

• Silver Lake Partners is investing Rs 7,500 crore in Reliance Retail in exchange for a 1.75 percent stake.
• The investment values Reliance Retail at a pre-money equity value of Rs 4.21 lakh crore, RIL said in an exchange filing on September 9.
• Silver Lake along with its co-investors has already invested Rs 10,202.55 crore in two rounds in RIL's Jio Platforms.
• With the latest investment, Jio Platforms and Reliance Retail account for over Rs 9 lakh crore of RIL valuation.
• This deal is significant as RIL is expanding its retail business and lining up a posse of global investors to take on rivals such as Amazon and Walmart-owned Flipkart in the world’s second most populous country.

Reliance Retail-Silver Lake Deal: 5 key things to know

 

[piinku1]

I think it has stake in amazon pay.