Silver Lake eyes $1 billion stake in Reliance Retail
Sun, Sep 6, 2020 6:51 AM

Silver Lake eyes $1 billion stake in Reliance Retail

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After acquiring a piece of Jio Platforms, American private equity investor Silver Lake Partners is in discussions with Reliance Industries (RIL) to buy a stake in its retail arm. Silver Lake is looking to invest $1 billion (about Rs 7,350 crore) in Reliance Retail, according to the Financial Times. The investment could give Silver Lake a 1.75% stake in Reliance Retail.

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