American private equity firm Silver Lake invests Rs 7,500 crore in Reliance Retail for 1.75% stake

Reliance has announced that Silver Lake will invest Rs 7,500 crore into its subsidiary Reliance Retail Ventures Ltd (RRVL) for 1.75% stake.
This investment values the retail business of Reliance at Rs 4.21 lakh crore.
This marks the second billion dollar investment by Silver Lake in a Reliance Industries subsidiary after the $1.35 billion investment in Jio Platforms earlier this year.
Reliance operates India’s largest retail business of onset 12,000 stores nationwide with 640 million footfall.