India's Reliance Retail receives $1b from tech investor Silver Lake

Photo: Mint

Reliance Retail Ventures Limited, the retail business of Mukesh Ambani’s Reliance Industries Ltd, has received 7,500 crore from tech investor Silver Lake, the company said in a stock exchange filing on Saturday.

“Reliance Retail Ventures Limited has allotted equity shares to SLP Rainbow Holdings Pte. Ltd. following which SLP Rainbow Holdings Pte. Ltd. holds 1.75% of the fully diluted equity share capital of Reliance Retail Ventures Limited,” the company said.

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