Silver Lake to invest Rs 7,500 cr in Reliance Retail for 1.75% equity

The investment in Reliance Retail comes a day after it led a $500 million funding round for Byju's that valued the Indian online education platform at around $10.8 billion

In a major investment, Silver Lake is set to infuse Rs 7,500 crore in Reliance Retail for 1.75 per cent stake in the company,  which is a subsidiary of Reliance Industries. This is the second billion-dollar investment by Silver Lake in a Reliance Industries

subsidiary after the $1.35 billion it invested in Jio Platforms earlier this year.

With more than $60 billion in combined assets under management and committed capital, Silver Lake is the global leader in large-scale technology investing. It has previously invested in Airbnb, Alibaba, Alphabet’s Verily and Waymo units among others. 

The investment in Reliance Retail comes a