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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
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