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

Bapun Raz

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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
 
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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
 
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