India: Silver Lake to invest $1b in Mukesh Ambani-led Reliance Retail

India: Silver Lake to invest $1b in Mukesh Ambani-led Reliance Retail

Mukesh Ambani Photo: Reuters.

Private equity firm Silver Lake Partners will invest ₹7,500 crore in the retail arm of Reliance Industries Ltd (RIL) for a 1.75% stake.

The investment values Reliance Retail at a pre-money equity value of ₹4.21 trillion, RIL said in a press statement.

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