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Friday, October 2, 2020
Technology

Silver Lake to take a position Rs 7,500 crore in Reliance’s retail arm, Expertise Information, ETtech – #NewsEverything #Expertise

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U.S. non-public fairness agency Silver Lake Companions will make investments Rs 7,500 crore ($1.02 billion) within the retail arm of Indian conglomerate Reliance Industries Ltd for a 1.75% stake, Reliance stated on Wednesday.

The funding values Reliance Retail at a pre-money fairness worth of Rs 4.21 lakh crore, the oil-to-retail conglomerate stated in a regulatory submitting.

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