RIL's retail arm receives Rs 7,500cr from Silver Lake

Billionaire Mukesh Ambani's Reliance Industries Ltd (RIL) on Saturday said it has received Rs 7,500 crore from US private equity firm Silver Lake Partners, which has picked up 1.75 per cent stake in its retail arm. Earlier, on September 9, RIL had announced that Silver Lake would invest Rs 7,500 crore into its arm Reliance Retail Ventures Ltd (RRVL).