Reliance Retail Ventures Limited (RRVL), which is a wholly-owned subsidiary of Mukesh Ambani’s Reliance Industries Limited announced that Silver Lake will invest in Rs. 7,500 crore in RRVL.
The transaction will translate into a 1.75% equity stake in RRVL. As per Reliance Industries Ltd’s press release dated 9th September 2020 “This investment values RRVL at a pre-money equity value of ₹ 4.21 lakh crore“.
This is the second investment made by the silver lake in Reliance Industries subsidiary, earlier it had invested after $1.35 billion in Jio Platforms.