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Money News

Silver lake co-investors buy additional stake in Reliance Retail

Mukesh Ambani, chairman and managing director of Reliance Industries in New Delhi, June 15, 2017. REUTERS/Adnan Abid/File Photo

MUMBAI (Reuters) - U.S private equity firm Silver Lake co-investors will be investing additional 18.75 billion rupees into Reliance Retail Ventures, the retail arm of Reliance Industries, the firm said in a regulatory filing late on Wednesday.

Silver Lake, whose portfolio includes stakes in Airbnb and Twitter Inc, has previously invested in Reliance’s digital business.

Reporting by Nupur Anand

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