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.
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.
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.