Silver Lake Co-Investors Infuse Another INR 1.8K Cr In Reliance Retail
Reliance Industries said that co-investors of the private equity giant Silver Lake will invest an additional INR 1,875 Cr in its retail unit, Reliance Retail, at a pre-money equity value of INR 4.285 Lakh Cr.
Reliance Retail funding spree was flagged off by Silver Lake, who invested INR 7,500 Cr for a 1.75% stake at a pre-money equity value of INR 4.21 lakh Cr in September 2020. Overall, Silver Lake and its co-investors have pumped in INR 9,375 Cr in Reliance Retail, which translates into 2.13% equity shares.
Commenting on the latest investment, Chairperson and managing director of Reliance Industries, Mukesh Ambani said, “Silver Lake and its coinvestors are valued partners on our journey to transform Indian Retail for the benefit of all Indians… Silver Lake’s additional investment is a strong endorsement of the tremendous potential of Indian Retail and the capabilities of Reliance Retail.”