REAFFIRMS RELIANCE RETAIL’S INCLUSIVE AND
TRANSFORMATIVE NEW COMMERCE MODEL FOR
Reliance Industries Limited
(“Reliance Industries”) and Reliance Retail Ventures Limited (“RRVL”) announced
today that Silver
Lake will invest
₹ 7,500 crore into RRVL, a subsidiary of Reliance Industries. This
investment values RRVL at a pre-money equity value of ₹ 4.21 lakh crore. Silver Lake ’s
investment will translate into a 1.75% equity stake in RRVL on a fully diluted
basis.
This marks the second
billion dollar investment by
Reliance Retail Limited, a subsidiary of RRVL, operates India 's
largest, fastest growing and most profitable retail business serving close to
640 million footfalls across its ~12,000 stores nationwide. Reliance Retail’s
vision is to galvanize the Indian retail sector through an inclusive strategy
serving millions of customers by empowering millions of farmers and micro,
small and medium enterprises (MSMEs) and working closely with global and
domestic companies as a preferred partner, to deliver immense benefits to
Indian society, while protecting and generating employment for millions of
Indians.
Reliance Retail, through its New
Commerce strategy, has started a transformational digitalization of small and
unorganised merchants and is committed to expanding the network to over 20
million of these merchants, helping them benefit from the use of technology
tools and efficient supply chain infrastructure to deliver a superior value proposition
to their own customers.
With more than $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 mission is to build and grow great
companies by partnering with world-class management teams. Its other
investments have included Airbnb, Alibaba, Alphabet’s Verily and Waymo units,
Dell Technologies, Twitter and numerous other global technology leaders.
The transaction is subject to regulatory and other
customary approvals.