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).
RRVL has received "the subscription amount of Rs 7,500 crore from SLP Rainbow Holdings Pte Ltd (Silver Lake)", RIL said in a regulatory filing on Saturday.
Following the allotment of equity stake, "SLP Rainbow Holdings holds 1.75 per cent of the fully diluted equity share capital" of RRVL, it said.
This investment had valued RRVL at a pre-money equity value of Rs 4.21 lakh crore.
This is the second billion-dollar investment by Silver Lake in a Reliance Industries subsidiary after the USD 1.35 billion investment in Jio Platforms announced earlier this year.
With more than USD 60 billion in combined assets under management and committed capital and a focus on the world's great tech and tech-enabled opportunities, Silver Lake is the global leader in large-scale technology investing.
Its other investments have included Airbnb, Alibaba, Alphabet's Verily and Waymo units, Dell Technologies, Twitter and numerous other global technology leaders.
Late last month, Reliance acquired the retail and logistics businesses of Future Group for Rs 24,713 crore to boost its retail vertical.
Silver Lake was the first US private equity firm to invest in Jio after tech giant Facebook took a 9.99 per cent stake in the company for Rs 43,573.62 crore. Silver Lake bought 2.08 per cent in Jio in two tranches for a total of Rs 10,202.55 crore.
Rival private equity groups KKR, Vista and General Atlantic followed Silver Lake to take stakes in Jio. Other notable investors included Google and Abu Dhabi's sovereign wealth fund Mubadala. KRH MKJ
RRVL has received "the subscription amount of Rs 7,500 crore from SLP Rainbow Holdings Pte Ltd (Silver Lake)", RIL said in a regulatory filing on Saturday.
Following the allotment of equity stake, "SLP Rainbow Holdings holds 1.75 per cent of the fully diluted equity share capital" of RRVL, it said.
This investment had valued RRVL at a pre-money equity value of Rs 4.21 lakh crore.
This is the second billion-dollar investment by Silver Lake in a Reliance Industries subsidiary after the USD 1.35 billion investment in Jio Platforms announced earlier this year.
With more than USD 60 billion in combined assets under management and committed capital and a focus on the world's great tech and tech-enabled opportunities, Silver Lake is the global leader in large-scale technology investing.
Its other investments have included Airbnb, Alibaba, Alphabet's Verily and Waymo units, Dell Technologies, Twitter and numerous other global technology leaders.
Late last month, Reliance acquired the retail and logistics businesses of Future Group for Rs 24,713 crore to boost its retail vertical.
Silver Lake was the first US private equity firm to invest in Jio after tech giant Facebook took a 9.99 per cent stake in the company for Rs 43,573.62 crore. Silver Lake bought 2.08 per cent in Jio in two tranches for a total of Rs 10,202.55 crore.
Rival private equity groups KKR, Vista and General Atlantic followed Silver Lake to take stakes in Jio. Other notable investors included Google and Abu Dhabi's sovereign wealth fund Mubadala. KRH MKJ
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4 Comments on this Story
Nikesh14 seconds ago When company alloy shares there can not be capital gains. It arises only when shares are transferred. Here it is allotment of shares. RIL is not selling any shares . Ambani does not hold any shares in Retails. It is subsidiary of RIL and RIL is not only ambani co . It is also owned by 2 cr retail investors.. many start up also getting foreign money . Why not raising tax liability issue then. Only when RIL get there is problem . Is it not Indian co? Is it not employee millions of Indians.? Is it not paying taxes in India? Just go and check goverment sites and find whether RIL is paying taxes or not? | |
Surendra Sachdeva53 seconds ago Aquire indian companies by big houses and sell stake in their company to foreigner. | |
 | Mukut Biharee5 minutes ago as per my experience no one gives so much huge money easily to anyone. is this money belongs to Anil Ambani who took loan fr banks and routed overseas and now same money coming as legal investment where Anil Ambani declared bankrupt for him self and banks has to write off. money Mukesh got is almost same as Anil bani debt by Indian banks. |