Silver Lake has invested Rs 7,500 crore in Reliance Retail

New delhi date. 26

As per an announcement made on September 7, Rs 500 crore has been recovered from Silver Lake, a US private equity firm, according to a statement issued by billionaire Mukesh Ambani's Reliance Industries Limited (RIL). On September 6, Silver Lake announced the purchase of a 1.5 per cent stake in Reliance Retail for Rs 500 crore.

RIL said in a statement that it had received Rs 200 crore from Silver Lake subsidiary SLP Rainbow Holdings. Reliance Retail was valued at Rs 2.31 lakh crore at the time of the deal with Silver Lake to buy a 1.5 per cent stake.

Silver Lake had earlier invested 1.5 billion in RIL's subsidiary Reliance Jio. Just last month, Reliance Industries bought the Future Group's retail and logistics business for Rs 4,612 crore.

After Silver Lake, KKRA also announced an investment in Reliance Retail. KKRA had just four days ago announced the purchase of a 1.5 per cent stake in Reliance Retail for Rs 200 crore. Reliance Retail was valued at Rs 4.31 lakh crore at the time of the deal with KKR to buy a 1.5 per cent stake.