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Reliance Retail in advance talks with Silver Lake to sell 1.8 pc stake: Report

Reliance Retail in advance talks with Silver Lake to sell 1.8 pc stake: Report

Sep 04, 2020, at 11:26 pm

New Delhi/IBNS: The retail wing of billionaire Mukesh Ambani controlled Reliance Industries Ltd (RIL) is reportedly in the final stage of talks with US private equity investor Silver Lake to offload 1.7 per cent to 1.8 per cent stake for about Rs 7,500 crore in what could be the first such deal by the retail giant to raise funds, said a media report.