Investment

Silver Lake to Invest ₹ 7,500 Crore in Reliance Retail Ventures
Investment, News

Silver Lake to Invest ₹ 7,500 Crore in Reliance Retail Ventures

Mumbai, Sept. 09, 2020: Reliance Industries Limited (“Reliance Industries”) and Reliance Retail Ventures Limited (“RRVL”) announced today that Silver Lake will invest ₹ 7,500 crore into RRVL, a subsidiary of Reliance Industries. This investment values RRVL at a pre-money equity value of ₹ 4.21 lakh crore. Silver Lake’s investment will translate into a 1.75% equity stake in RRVL on a fully diluted basis. This marks 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. Commenting on the transaction with Silver Lake, Mr. Mukesh Ambani, Chairman and Managing Director, Reliance Industries, said, “I am delighted to extend our relationship with Silver Lake to our transfor...