US private equity firm Silver Lake will invest Rs 7,500 crore in Reliance Retail for around 1.75 per cent stake in the company. This investment values RRVL at a pre-money equity value of Rs 4.21 lakh crore. Silver Lake’s investment will translate into a 1.75 per cent equity stake in RRVL on a fully diluted basis. The transaction is subject to regulatory and other customary approvals.
Silver Lake to buy 1.75% stake in Reliance Retail for Rs 7,500 crore
Date posted: Thursday 10 September 2020