Co-investors of Silver Lake to invest an additional ₹1,875 crore.
Reliance Industries Ltd. (RIL) and Reliance Retail Ventures Ltd. (RRVL) on Wednesday announced that co-investors of Silver Lake will invest an additional ₹1,875 crore into RRVL, a subsidiary of RIL.This brings the aggregate investment by Silver Lake and its co-investors in RRVL to ₹9,375 crore, translating into a 2.13% equity stake in RRVL on a fully diluted basis. This latest investment values Reliance Retail at a pre-money equity value of ₹4.29 lakh crore.Earlier on Wednesday, General Atlantic, a leading global growth equity firm, said it has decided to invest ₹3,675 crore into RRVL.This investment values Reliance Retail at a pre-money equity value of ₹4.285 lakh crore. General Atlantic’s investment will translate into a 0.84% equity stake in RRVL on a fully diluted basisThis marks the second investment by General Atlantic in a subsidiary of Reliance Industries, following a ₹6,598.38 crore investment in Jio Platforms announced earlier this year, RIL said in a filing with stock exchanges.
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