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After investing in Reliance Jio, Silver Lake is now investing ₹ 7,500 crore in Reliance Retail Ventures Limited (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.