Reliance Retail raises another ₹1,875 crore as Silver Lake comes back with an additional investment

BCCL
  • Mukesh Ambani’s Reliance Retail Ventures Limited has raised ₹1,875 crore from Silver Lake co-investors.
  • This investment takes Silver Lake’s total investment to ₹9,375 crore for a 2.13% stake.
  • This is the second investment announced today, on September 30 morning itself, after one from General Atlantic.
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With a second investment announcement within a day and fourth in a month, Mukesh Ambani’s Reliance Retail Ventures Limited has raised ₹1,875 crore from Silver Lake co-investors. This investment takes Silver Lake’s total investment to ₹9,375 crore for a 2.13% stake.

Silver Lake had similarly invested in Jio in two rounds.

Reliance Retail continues to be valued at ₹4.285 lakh crore and has raised a total of ₹18,600 crore ($2.5 billion) already.

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On September 30 morning, Reliance had announced funding of ₹3,675 crore from General Atlantic.

CompanyInvestment in Reliance RetailStake in Reliance RetailInvestment in JioStake in Jio
Silver Lake₹9,375 crore2.13%₹10,202.55 crore2.08%
KKR₹5,550 crore1.28%₹11,367 crore2.32%
General Atlantic₹3,675 crore 0.84%₹6,598.38 crore1.34%

“Silver Lake and its co-investors 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,” said Mukesh Ambani, Chairman and Managing Director of Reliance Industries in a statement.

Reports also suggest that Abu Dhabi’s Mubadala is set to invest $1 billion in Reliance Retail.
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SEE ALSO:

India leaves borrowing calendar unchanged — sticks to its ₹12 lakh crore target for the year

Reliance Retail seals its third deal this month – General Atlantic to invest ₹3,675 crore





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