Silver Lake Partners, Mubadala, ADIA, KKR, General Atlantic, GIC, TPG, PIF to invest in Reliance Retail at a c. $60bn valuation.

Global investment firms Silver Lake Partners, Mubadala, ADIA, KKR, General Atlantic, GIC, TPG, PIF agreed to invest in Reliance Retail, India's largest retailer and a subsidiary company of Reliance Industries, at a c. $60bn valuation. KKR agreed to acquire a 1.28% stake for $754m. Mubadala Investment Company agreed to acquire a 1.4% stake for $$844m. ADIA agreed to acquire a 1.2% stake for $750m. Silver Lake Partners agreed to acquire a 1.75% stake for $1bn. General Atlantic agreed to acquire a 0.84% stake for $498m. TPG agreed to acquire a 0.41% stake for $250m. GIC agreed to acquire a 1.22% stake for $752m. On November 5, 2020, PIF announced a $1.3bn investment in Reliance Retail for 2% stake.