US private equity firm Silver Lake Partners has picked a 1.75 per cent stake in Reliance Retail for Rs 7,500 crore, the Indian firm said in a statement on Wednesday. The investment values Reliance Retail at Rs 4.21 lakh crore. The world's largest tech investor had previously invested in billionaire Mukesh Ambani's digital unit, Jio Platforms Ltd. Reliance Retail Limited, a subsidiary of RRVL, operates India's largest, fastest-growing and most profitable retail business serving close to 640 million footfalls across its 12,000 stores nationwide.To Contact Insurance and Investment Expert
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Silver Lake picks 1.75 per cent stake in Reliance Retail for Rs 7,500 cr
![Silver Lake picks 1.75 per cent stake in Reliance Retail for Rs 7,500 cr]()
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September 08, 2020
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