RIL shares gains after additional investment from Silver Lake

RIL shares gains after additional investment from Silver Lake

On Thursday, October 1, Reliance Industries shares price gained a percent after the company said the co-investors of private equity giant silver lake will invest an additional Rs.1,875 crore in its retail unit.

This takes the combined investment by Silver Lake and its co-investors in Reliance Retail Ventures Limited (RRVL) to Rs 9,375 crore in exchange for a 2.13 percent stake.

The company also received a subscription amount of Rs 1,894.50 crore from Intel Cap for Jio platforms and received a subscription amount of Rs 730 crore from Qualcomm for Jio platforms.