Silver Lake may take $1bn stake in Mukesh Ambani’s Reliance Retail
US private equity group‘s investment will value India's leading retailer at about $57bn
03 September 2020 - 21:55
Bengaluru — Private equity firm Silver Lake Partners is in talks to invest $1bn in the retail arm of India's Reliance Retail, the Financial Times reported on Thursday, citing people with direct knowledge of the matter.
The investment, which would value Reliance Retail at about $57bn, comes as the company is aiming to sell about 10% in new shares, the report added...
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