Reliance Retail Ventures Ltd (RRVL), a subsidiary of Reliance Industries (RIL), has raised an additional Rs 1,875 crore from co-investors of Silver Lake.
This brings the aggregate investment by Silver Lake and its co-investors in RRVL to Rs 9,375 crore, which will translate into a 2.13 per cent equity stake in RRVL on a fully diluted basis. This latest investment values Reliance Retail at a pre-money equity value of Rs 4.285 lakh crore.
This is the second fund raising by the company in a single day. Earlier during the day, RRVL raised Rs 3,675 crore from General Atlantic.
Also read: General Atlantic to invest ₹3,675 cr in Reliance Retail
“Silver Lake and its co-investors are valued partners on our journey to transform Indian retail for the benefit of all Indians. We are pleased to have their confidence and support, as well as the benefit of their leadership in global technology…