Silver Lake to invest Rs 7,500 crore in Reliance Retail

Mumbai: Reliance Industries Limited (“Reliance Industries”) and Reliance Retail Ventures Limited (“RRVL”) announced today that Silver Lake will invest ₹ 7,500 crore into RRVL, a subsidiary of Reliance Industries. This investment values RRVL at a pre-money equity value of ₹ 4.21 lakh crore. Silver Lake’s investment will translate into a...

Reliance’s acquisition of Future Group to strengthen its retail footprint: Moody’s

New Delhi: Reliance Industries Ltd’s acquisition of Future Group’s consumer business will strengthen the retail footprint of India’s largest organised retailer, Moody’s Investors Service said on Wednesday. Last week, RIL announced that it will acquire Future Enterprise Limited’s (FEL) consumer business for a purchase consideration of around Rs 24,713 crore....