Silver Lake will make an investment of Rs 7,500 crore into Reliance Retail Ventures (RRVL), a subsidiary of Reliance Industries.
The investment values RRVL at a pre-money equity value of Rs 4.21 lakh crore. Silver Lake’s investment will translate into 1.75 percent equity stake in RRVL on a fully diluted basis.
This marks the second billion dollar investment by Silver Lake in a Reliance Industries subsidiary after the USD 1.35 billion investment in Jio Platforms announced in 2020.
Reliance Retail, a subsidiary of RRVL, operates retail business serving close to 640 million footfalls across its approximately 12,000 stores nationwide.
Reliance Retail’s vision is to galvanise the Indian retail sector through an inclusive strategy serving millions of customers by empowering millions of farmers and micro, small and medium enterprises (MSMEs) and working closely with global and domestic companies as a preferred partner, to deliver immense benefits to Indian society, while protecting and generating employment for millions of Indians.
Reliance Retail, through its new commerce strategy, has started a digitalisation of small and unorganised merchants and is committed to expanding the network to over 20 million of these merchants.