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

• 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.

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.

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


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