Reliance Retail-Silver Lake deal talks: 10 key points

Reliance Retail-Silver Lake deal talks: 10 key points

The likely investment, which will value Reliance Retail at over Rs 4.3 lakh crore ($57 billion) comes at a time when the company is aiming to sell about 10 per cent in new shares

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Mukesh Ambani is in talks with multiple investors to raise funds by selling minority stakes in Reliance RetailMukesh Ambani is in talks with multiple investors to raise funds by selling minority stakes in Reliance Retail
BusinessToday.In
  • Sep 4, 2020,
  • Updated Sep 4, 2020 11:31 AM IST

Mukesh Ambani-led Reliance Retail is holding early talks with American private equity (PE) firm Silver Lake to sell a 1.7-1.8 per cent stake in the entity for around Rs 7,500 crore.

The likely investment, which will value Reliance Retail at over Rs 4.3 lakh crore ($57 billion) comes at a time when the company is aiming to sell about 10 per cent in new shares to raise $5.7 billion, the Financial Times reported on Thursday.

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Oil-to-telecom conglomerate Reliance Industries Ltd. (RIL) is on a roll to pitch its retail business as a formidable force to woo potential investors.

Also Read:

Mukesh Ambani-led Reliance Retail is holding early talks with American private equity (PE) firm Silver Lake to sell a 1.7-1.8 per cent stake in the entity for around Rs 7,500 crore.

The likely investment, which will value Reliance Retail at over Rs 4.3 lakh crore ($57 billion) comes at a time when the company is aiming to sell about 10 per cent in new shares to raise $5.7 billion, the Financial Times reported on Thursday.

Advertisement

Oil-to-telecom conglomerate Reliance Industries Ltd. (RIL) is on a roll to pitch its retail business as a formidable force to woo potential investors.

Also Read:

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