Silver Lake, RRVL Deal: Silver Lake Key Investors has announced an investment of Rs 1875 crore in Reliance Retail.
Silver Lake, RRVL Deal:
Investor company has invested Rs 1875 crore in the company of American company Silver Lake in Reliance Retail Ventures Limited (RRVL) owned by Mukesh Ambani. Silver Lake has already invested 7500 crores in Reliance Retail. In this way, the company has so far invested 9375 crore in Reliance Retail. With this, the total investment of Silver Lake and its associate investors in Reliance Retail will increase to Rs 9,375 crore. This will increase Silver Lake Group’s stake in Reliance Retail to 2.13 per cent.
Fourth investment in 3 weeks
This new investment in Reliance Retail is the second on September 30 and the fourth in the last three weeks. Earlier on September 30, today, global private equity firm General Atlantic announced an investment of Rs 3,675 crore in Reliance Retail. KKR has also invested Rs 5550 crore in Reliance Retail. Let us tell you that these three companies have also invested in RIL’s digital arm Jio platform. Reliance has stated in a stock exchange filing that the pre-money equity value of Reliance Retail is Rs 4.285 lakh crore.
Raised Rs 13,050 crore so far
Let us know that Reliance Retail has been steadily raising funds from foreign investments in the last few weeks. The country’s largest retail business has raised a total of Rs 13,050 crore in the last few weeks. The fund comes from private equity firm Silver Lake Partners and US firm KKR. In which Silver Lake bought 1.75 percent and American firm KKR bought 1.28 percent stake.
What to say about Mukesh Ambani
On this new investment from Silver Lake, Mukesh Ambani, chairman and managing director of Reliance Industries, has said that Silver Lake and its co-investors are valued partners for the Indian retail sector that benefits all Indians. We are happy to get their trust. We will get the benefit of his leadership in Global Technology Investing and Retail Revolution. This additional investment by Silver Lake demonstrates the potential and potential of Reliance Retail in the Indian retail sector.
This is the company’s goal
Reliance Retail Limited has around 64 crore customers annually in its more than 12,000 stores spread across the country. It is the largest and fastest-growing retail business in India. The company wants to develop a system of retail global and domestic companies, small industries, retail traders and farmers to serve consumers at affordable prices and generate millions of jobs. Reliance Retail has started the digitization of small and unorganized traders as part of its new commerce strategy. The company’s goal is to connect 2 crore merchants to this network. This network will enable merchants to deliver services at a better price to customers with better technology.
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