• About
  • Contact
Monday, June 27, 2022
  • Login
Next Big Brand
  • .
  • News
  • Marketing
  • Tech
  • Insight
  • Interviews
  • Internet
  • Startup
  • OTT
  • Industries
  • FMCG
  • CRYPTOCURRENCY
  • Retail
No Result
View All Result
Next Big Brand

Sliver Lake Invests ₹ 7,500 Crores In Reliance Retail At 1.75% Stake

Pritish raj by Pritish raj
September 9, 2020
in News
Reading Time: 2 mins read
A A
0
Silver Lake Reliance Retail- Next Big Brand

Silver Lake Reliance Retail- Next Big Brand

  • Reliance Industries today announced that Silver Lake will invest ₹ 7,500 crores in Reliance Retail Ventures Limited (RRVL), a subsidiary of Reliance Industries.

Reliance Industries today announced that Silver Lake will invest ₹ 7,500 crores in Reliance Retail Ventures Limited (RRVL), a subsidiary of Reliance Industries. This investment values RRVL at a value of ~4.21 lakh crore pre-money equity. Investment by Silver Lake will translate into a fully diluted 1.75 percent equity stake in RRVL.
This marks Silver Lake’s second billion-dollar investment in a subsidiary of Reliance Industries, following the $1.35 billion investment announced earlier this year in Jio Platforms.

Shares in the Reliance Industries were approximately 1 percent higher.

Reliance Retail Limited, a subsidiary of RRVL, operates India’s largest and fastest-growing retail business serving close to 640 million footfalls across its nearly 12,000 stores nationwide.

Reliance Retail has started digitizing small and unorganized merchants through its new trade strategy, and plans to expand the network to more than 2 crores of these merchants, helping them benefit from the use of technology tools and efficient supply chain infrastructure.

Commenting on the transaction with Silver Lake, Reliance Industries Chairman and Managing Director Mukesh Ambani said, “I am pleased to extend our relationship with Silver Lake to our transformative efforts to build an inclusive partnership with millions of small traders while at the same time providing value to Indian consumers across the country in the Indian retail sector. We believe technology will be key to bringing about the much-needed transformation in this sector so that different constituents of the retail ecosystem can work together to build inclusive platforms for growth. Silver Lake will be an invaluable partner in putting our Indian Retail vision into practise.

With more than $60bn under management in combined assets, Silver Lake is a global leader in large-scale technology investment.

Egon Durban, Silver Lake’s Co-CEO and Managing Partner, said, “We are delighted to deepen our relationship with Reliance on this investment. JioMart ‘s success in such a short period, particularly as India, along with the rest of the world, is battling the COVID-19 pandemic, is truly unprecedented, and the most exciting phase of growth has just begun. The New Commerce strategy for Reliance could become this decade’s disruptor. We’re delighted to be invited to partner with Reliance in their Indian Retail mission.

KKR in advanced talks to invest $1 billion for a stake in Reliance Retail.

Previous Post

BYJU’s Raises $500 Million Funding From Silver Lake, Valuation Reaches $10.8 Bn

Next Post

Dailyhunt Officially Launches Short Video App Josh To Leverage TikTok Ban

Pritish raj

Pritish raj

Pritish Raj is a content writer at Next Big Brand. Hailing from the diversified state of Bihar, he is an engineer by education who chooses the way of poetry, photography, and writing to kick off his career. Highly enthusiastic about brands and startups, he aims to be a travel content creator.

Related Posts

20220627 152251 0000
News

Proptech Startup PropShare Raises $47 Million Led by WestBridge Capital

June 27, 2022
images 9 17
Cryptocurrency

Christiano Ronaldo and Binance Announce NFT Partnership

June 24, 2022
Khaby Lame Tiktoker
Creators

Khaby Lame Becomes World’s Most Popular TikToker

June 24, 2022
Pine Labs Founder
News

Merchant Platform Pine Labs Acquires Fintech Infra Startup Setu for $70-75 Million

June 23, 2022
Ebay KO
Cryptocurrency

eBay Acquires NFT Marketplace KnownOrigin For An Undisclosed Sum

June 23, 2022
Cashify Founders
News

Cashify Raises $90 Million in Series E Round Led By NewQuest & Prosus

June 23, 2022
Next Post
IMG 20200909 WA0018

Dailyhunt Officially Launches Short Video App Josh To Leverage TikTok Ban

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

BROWSE BY TOPICS

Acquiring amazon Apple Brands brand story Byjus byjus news byjus the learning app Cryptocurrency Edtech Startups Elon Musk facebook fintech news Flipkart funding google Indian Crypto Startups Indian OTT Platforms Indian Unicorn Indian Unicorns Indian Unicorns of 2021 Netflix NFT NFT Collection NFT India Non Fungible Tokens Ola OYO Paytm Reliance Retail Startup Acquisition Startup IPO startup news india startups in india Swiggy Tiktok TikTok India Twitter Unicorns of 2022 Unicorns of India Unicorn Startups Upgrad WazirX YouTube Zomato
check more news on that pages youtube converter, filme online 2022, filme porno mature, porno amatoriale, nxnxx.org, https://xvideosxnxx.org, https://xoxporn.net

Instagram

Follow Me!

Recent News

  • Proptech Startup PropShare Raises $47 Million Led by WestBridge Capital
  • Christiano Ronaldo and Binance Announce NFT Partnership
  • Khaby Lame Becomes World’s Most Popular TikToker

Latest News

20220627 152251 0000

Proptech Startup PropShare Raises $47 Million Led by WestBridge Capital

June 27, 2022
images 9 17

Christiano Ronaldo and Binance Announce NFT Partnership

June 24, 2022
  • About Us
  • Privacy Policy
  • Terms and Conditions
  • Disclaimer
  • DMCA Policy
  • Our Team
  • Contact Us
  • Sitemap

© 2019 NBB. All Rights Reserved.

No Result
View All Result
  • .
  • News
  • Marketing
  • Tech
  • Insight
  • Interviews
  • Internet
  • Startup
  • OTT
  • Industries
  • FMCG
  • CRYPTOCURRENCY
  • Retail

© 2019 NBB. All Rights Reserved.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.