After Silver Lake, KKR may invest $1 billion in Reliance Retail: Here are few key things to know Reliance Retail-Silver Lake Deal
Today Reliance Industries has announced that US based private equity firm Silver Lake Partners has took 1.75 per cent stake in Reliance Retail Ventures (RRVL) for Rs 7,500 crore.
The investment done by Silver lakes that values RRVL at a pre money equity value of ₹4.21 lakh crore and its investment will render into a 1.75 per cent equity stake in RRVL.
According to reports, After US based private equity firm Silver Lake , KKR & Co. is in talk for investment of $1 billion in the retail business of Reliance Industries. What could be another big investment in the unit following Silver Lake Partners’ deal.
Further reports says that the investment announcement could come as soon as this month because KKR is in discussions for a stake in Reliance Retail Ventures Ltd and the private equity firm could invest as much as $1.5 billion.
This investment comes close on the heels of Reliance Retail Ventures Ltd minority stake purchase in Kishore Biyani-led Future Group, through its subsidiary Reliance Retail.
Here are few highlight you should know about Reliance Retail
US based company Silver Lake Partners has invested Rs 7,500 crore in Reliance Retail in return of a 1.75 percent stake.
During an exchange filing on September 9 Reliance Investment Limited said that The investment values Reliance Retail at a pre-money equity value of Rs 4.21 lakh crore.
Before also Silver Lake along with its co-investors has already invested Rs 10,202.55 crore in two turn in Reliance Investment Ltd Jio Platforms.
This deal is significant as RIL is increasing its retail business and queue up a posse of global investors to take on rivals such as Amazon and Walmart-owned Flipkart in the world’s second most populous country.