US private equity giant Silver Lake Partners purchased a 1.75 percent stake in the retail unit of India's Reliance Industries (RIL) for Rs 7,500 crore.
Silver Lake Partners also recently purchased a 2.08 percent stake in Jio Platforms, the telecom unit of Reliance Industries, for Rs 10,202.55 crore.
Also Read: Silver Lake to invest Rs 7,500 crore for 1.75% in Reliance Retail
Silver Lake made its debut investment in India in 2013 when it picked up a minority stake in Bengaluru-based Ekta Software which builds software for commodity trading.
The firm was launched in 1999 as a specialist firm focused on technology company investments.
Its portfolio of investments collectively generates revenues of more than $204 billion annually.
Its portfolio includes Twitter, AirBnb, Alibaba Group, Ant Financial , Didi Chuxing , Motorola Solutions and City Football Group.
It sold Skype to Microsoft for $8.5 billion in 2011 in one of the most successful private equity exits in history.Disclaimer: Reliance Industries Ltd. is the sole beneficiary of Independent Media Trust which controls Network18 Media & Investments Ltd.