Reliance Industries today announced that in Reliance Retail Ventures Limited (RRVL), a subsidiary of
Reliance Industries, Silver Lake will invest 7,500 crores. This investment values RRVL at a value of
~4.21 lakh crore pre-money equity. Investment by Silver Lake will translate into a fully diluted 1.75
percent equity stake in RRVL.
This marks Silver Lake’s second billion-dollar investment in a subsidiary of Reliance Industries, following
the $1.35 billion investment announced earlier this year in Jio Platforms.
Shares in the Reliance Industries were approximately 1 percent higher.
Reliance Retail Limited, a subsidiary of RRVL, operates the largest and fastest-growing retail business in
India serving nearly 640 million footfalls across its nearly 12,000 nationwide stores.
Reliance Retail has started digitizing small and unorganized merchants through its new trade strategy,
and plans to expand the network to more than 2 crores of these merchants, helping them benefit from the
use of technology tools and efficient supply chain infrastructure.
