After acquiring a slice of Jio Platforms, American private equity investor Silver Lake Partners is reported to get involve with Reliance Industries (RIL) by buying a stake in its retail arm Silver Lake is looking to invest $1 billion (approximately 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, which just inked a deal to acquire their rival Future Retail. The US fund had pumped in Rs 10,203 crore for a stake of just over 2% in Jio Platforms, the digital services arm of RIL. While RIL declined to comment on Suver Lake’s potential deal in Reliance RIL. While Retail, they said that the company evaluates various opportunities on an ongoing basis.
