File photo | RIL chairman Mukesh Ambani | Sanjit Das/Bloomberg
RIL chairman Mukesh Ambani | Photo: Sanjit Das | Bloomberg File photo
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New Delhi: Reliance Retail Ventures Ltd., the retail business of Indian billionaire Mukesh Ambani’s Reliance Industries Ltd., received 75 billion rupees ($1 billion) from Silver Lake Partners for a 1.75% equity stake, the company said in a stock exchange filing.

Reliance announced on Sept. 9 that the California-based private equity firm with stakes in technology-related companies will pay the amount as part of the deal. The firm has about $60 billion under management, including a $1.35 billion stake in Ambani’s digital services business, Jio Platforms Ltd. –Bloomberg

Also read: Not lavish, very disciplined lifestyle, Anil Ambani tells UK court in loan dispute case


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