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Reliance Retail-Silver Lake deal: All you need to know about Silver Lake Partners

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.

September 09, 2020 / 11:56 AM IST

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.

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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.
Moneycontrol News
first published: Sep 9, 2020 09:44 am
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