(Image source from: Thehansindia.com)
Silver Lake to Buy 1 Billion USD Stake in Reliance Retail:- Top private equity firm Silver Lake Partners is said to be in talks to invest 1 billion USD in Reliance Industries Limited as per the reports from the Financial Times. Reliance Retail is valued at 57 billion USD and is in plans to sell 10% of its shares as per the report. Silver Lake Partners remained unavailable to make a comment on this. Reliance Industries led by Mukesh Ambani has been taking up investments from the past few months ever since the coronavirus pandemic attacked the globe. Reliance Industries raised more than 20 billion USD from the global investors including Facebook.
Last month, Reliance Industries revealed that it will soon acquire Future Group at a value of 3,38 billion USD including the debts. Mukesh Ambani rose to the top when all the firms and corporate giants are struggling for business during this coronavirus pandemic. Mukesh Ambani is also the richest Indian businessman and his digital platform Reliance Jio Limited has been minting massive money from the past couple of years.