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Motilal Oswal Report
Reliance Industries Ltd. has announced that Silver Lake would invest Rs 75 billion in Reliance Retail Ventures Ltd. (RRVL) at pre-money equity value of Rs 4.21 trillion.
At an estimated net debt of Rs 100 billion, the enterprise value stands at Rs 4.31 trillion.
This implies 1.75% stake at post-money equity value of Rs 4.29 trillion.
We understand this is fresh capital infusion in the company unlike the stake sale done in Jio Platforms.
Media reports suggest that more investments could follow in Reliance Retail.
These reports are in line with the Chairman and Managing Director's comments in the Reliance Industries annual general meeting about strategic stake sale in Reliance Retail, which would aid in nurturing its new ventures like Jiomart.
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