Silver Lake Partners in talks to invest $1b in Reliance Retail: Report

Private equity firm Silver Lake Partners is in talks to invest $1 billion in the retail arm of India’s Reliance Industries Ltd, the Financial Times reported on Thursday, citing people with direct knowledge of the matter.

The investment, which would value Reliance Retail at about $57 billion, comes as the company is aiming to sell about 10% in new shares, the report added.

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