Silver Lake's Rs 7,500 cr investment in Reliance Retail sets stage for more

With KKR already said to be in talks for a $1 bn investment, other investors like Abu Dhabi Investment Authority and Mubadala could be next in line

Reliance Industries (RIL) on Wednesday said US private equity (PE) firm Silver Lake would invest Rs 7,500 crore in its subsidiary Reliance Retail Ventures (RRVL) for a 1.75 per cent stake, valuing the company at Rs 4.2 trillion. This came a day after Silver Lake had led a Rs 3,750-crore investment round in edtech firm Bjyu’s.

Earlier this year, Silver Lake invested Rs 10,202 crore in Jio Platforms, RIL’s digital services platform.

The fund infusion by Silver Lake in Reliance Retail, however, sets the stage for more stake sales by the company, including one to PE firm KKR, also an investor in