This brings the aggregate investmentby Silver Lake and its co-investors in RRVL to Rs 9,375 crore, which will translate into a 2.13% equity stake in RRVL on a fully diluted basis
A court has acquitted all 32 accused, including former deputy prime minister Lal Krishna Advani, in the demolition of the Babri mosque in Ayodhya in December 1992
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General Atlantic's investment will translate into a 0.84 per cent equity stake in RRVL. The deal values Reliance Retail at a pre-money equity value of Rs 4.285 trillion
This is the second such investment by General Atlantic in a Reliance venture following a Rs 6,598.38 crore investment in Jio Platforms announced earlier this year
Reliance Retail is on a fund raising spree and has secured around $1.8 billion in the past few weeks from KKR & Co and Silver Lake Partners
RIL has reportedly not paid a second instalment of advance tax owing to a heavy fall in crude oil prices, which has left the company with no margin on refining.
Mukesh Ambani's Reliance Industries Ltd on Saturday said it had received Rs 7,500 crore from US private equity firm Silver Lake Partners, which had picked up 1.75 per cent stake in its retail arm
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Second PE deal in two weeks; valuation same at Rs 4.2 trillion
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Reliance Industries has raised Rs 1.65 trillion over the past few months through stake sales at its digital unit Jio Platforms and its retail arm Reliance Retail Ventures
Earlier, Silver Lake had invested Rs 7,500 cr into Reliance Retail Ventures, valuing the business at about Rs 4.2 trillion
This marks the second investment by KKR in a Reliance subsidiary following Rs 11,367 crore-investment in Jio Platforms announced earlier this year
Witzig has allotted a total of 193 million equity shares to the investors to raise this capital at a premium of Rs 4.28 per share and paid-up capital of Rs 10 per share
US-based global technology fund has already committed to over $2 billion investment in the country this year
Reliance Industries plans to sell about a 10% stake in Reliance Retail to financial investors and almost all the $5.7 billion worth of shares have been taken up
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