Reliance Retail gets Rs 7,500 crore investment from Silver Lake

PTI

Business, Companies

The investment values Reliance Retail at Rs 4.21 lakh crore

Chairman of India's Reliance Industries Mukesh Ambani (L) looks at rows of produce during a visit to a Reliance Fresh supermarket in Hyderabad. (AFP Photo)

New Delhi: US private equity firm Silver Lake Partners has picked 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.

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