New Delhi: After raising huge investments worth nearly Rs 1.5 lakh crore in Reliance Jio, the country's richest industrialist Mukesh Ambani is now engaged in collecting funding for his retail giant. According to the Financial Times report, private equity firm Silver Lake Partners can invest a hefty amount of $1 billion(Rs 7,300 crore) in Reliance Retail,
Sources said that the total value of Reliance Retail has been assessed as 57 billion dollars and the company is considering to sell 10 per cent of its new shares. However, no official statement has been issued on behalf of Silver Lake or Reliance so far. Mukesh Ambani, who has dominated the oil-to-telecom sector, is now turned towards the retail business. Recently Ambani has bought the retail business of the future group for Rs 24,700 crore. Not only that, but he is also preparing to attract global investors so that Reliance Jio can be expanded on a large scale.
The company has received investment in Reliance Jio on large quantities from several giants including Facebook. Silver Lake, which is planning to invest in Reliance Retail, has also made more than Rs 10,000 crore in Jio. The company had invested twice in Jio. For the first time, the company had invested Rs 5,655 crore, while for the second time it invested Rs 4,546.8 crore.
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