Reliance Industries is in the limelight today. PE fund, Silver Lake Partners is investing Rs.7500 crore in Reliance Retail and in exchange, Silver Lake will get a 1.75% stake.
The investment values Reliance Retail at a pre-money equity value of Rs 4.21 lakh crore.
Silver Lake has also invested $1.35 billion in Jio Platforms.
There is also talks doing the rounds of another big PE fund, KKR, planning to invest $1 billion in the retail business.
The stock price rose over 1.5% to hit an intraday high at Rs.2139.10 and remains pretty much in the green at Rs.2125 levels. Market cap stands at Rs.13,46,426 crore.