Silver Lake Partners will invest Rs.7,500 crore in the retail unit of India's RIL
On Wednesday, September the Sensex opened down at 348.33 points or 0.91%. The Reliance Industries share price gained a percent in the early morning trade after Industry giant Silver Lake Partners will invest Rs.7,500 crore in the retail unit of India's Reliance Industries Ltd.
According to reports, Silver Lake Partners is investing Rs.7500 crore in Reliance Retail in exchange for a 1.75 percent stake.
The investment values Reliance Retail at a pre-money equity value of Rs 4.21 lakh crore