Silver lake invests Rs.7500 crore in Reliance Retail.
The deal translates a 1.75 percent stake in RRVL.
The Investment values RRVL of Rs.4.21 lakh crore.
With this latest investment Jio Platforms and Reliance Retail account for over Rs.9 lakh crore of RIL Valuation.
This deal is significant as RIL is expanding its retail business and lining up a posse of global investors to take on rivals such as Amazon and Walmart-owned Flipkart in the world’s second-most populous country.