for-phone-onlyfor-tablet-portrait-upfor-tablet-landscape-upfor-desktop-upfor-wide-desktop-up

Silver Lake to invest $1 billion in Reliance's retail arm

BENGALURU, Sept 9 (Reuters) - U.S. private equity firm Silver Lake Partners will invest 75 billion rupees ($1.02 billion) in the retail arm of Indian conglomerate Reliance Industries Ltd for a 1.75% stake, Reliance said on Wednesday.

The investment values Reliance Retail at a pre-money equity value of 4.21 trillion rupees, Mumbai-based Reliance said in a regulatory filing here.

$1 = 73.7850 Indian rupees Reporting by Chris Thomas in Bengaluru; Editing by Amy Caren Daniel

for-phone-onlyfor-tablet-portrait-upfor-tablet-landscape-upfor-desktop-upfor-wide-desktop-up