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Silver Lake invests Rs 7,500 crore in Reliance Retail

American private equity firm Silver Lake will invest ₹7,500 crore in Reliance Retail (US$1.01 billion), the latter said on Wednesday. This is Silver Lake's second big investment into Reliance, after its US$1.35 billion (₹10,202.55 crore) investment into Jio Platforms. This also comes barely one day after Silver Lake also invested in the ed-tech company Byju's. With this investment, Reliance Retail may begin its own marathon run of investments over the coming days, like Jio Platforms -- just this first investment alone exceeds the value of Reliance Retail's ₹5,448 crore net profit in FY2019-20. Investment follows Future retail biz acquisition This investment comes shortly after Reliance Retail's announcement that it was acquiring the Future Group's retail, wholesale, logistics and warehousing businesses for Rs 24,713 crore. Reliance Retail is now setting its sights on kirana stores and home delivery, efforts that it…

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