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.
(to be updated)