After investing in Jio Platforms, the Silver Lake Partners announced to invest rs 7,500 crore in Reliance Retail.
Silver Lake’s investment of Rs. 7500 crore will translate into a 1.75 percent equity stake in Reliance Retail on a fully diluted basis.
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With this, Jio Platforms and Reliance Retail account for over Rs. 9 Lakh crore of RIL valuation.
This is the second large investment by Silver Lake in a Reliance Industries subsidiary after putting $1.35 billion (over Rs. 10,200 crore) investment in Jio Platforms announced earlier this year.
SLP has a terrific track record of investing in some of the largest and successful tech companies globally like Twitter, Airbnb, Alibaba, Dell Technologies, ANT Financials, Twitter, Alphabet’s Waymo and Verily amongst others.
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Silver Lake Partners is the global leader in technology investing, with over $40 billion in combined assets under management and committed capital and a team of approximately 100 investment and operating professionals located around the world.
Launched in 1999 as a specialist firm focused on technology company investments, Silver Lake has maintained its strategic discipline since its founding and engages in a synergistic and collaborative approach to investing across defined investment strategies.