Mukesh Ambani gets 2nd investor into Reliance Retail in a day; Silver Lake tops up with Rs 1,875 cr

Silver Lake Partners and its co-investors have brought in more money into Reliance Retail, adding Rs 1,875 crore, taking its total investment in Mukesh Ambani’s retail business to Rs 9,375 crore.

The additional investment will take Silver Lake and co-investors’ total equity stake in Reliance Retail to 2.13%, Reliance Industries said in a statement on Wednesday. Earlier this morning, Reliance Industries had announced a Rs 3,675 crore investment from General Atlantic.

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Both General Atlantic, and Silver Lake’s additional investment into Reliance Retail are made at a valuation of Rs 4.285 lakh crore. This is Rs 7,000 crore more than Silver Lake’s previous investment into Reliance Retail at a valuation of Rs 4.21 lakh crore.

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