US private equity group Silver Lake Partners is in negotiations to invest $1bn in India’s Reliance Industries Limited’s (RIL) retail division.

The discussions follow as RIL aims to sell approximately 10% in new shares to raise $5.7bn. 

A Reliance Retail spokesperson said: “Our company evaluates various opportunities on an ongoing basis.  

“We have made and will continue to make necessary disclosures in compliance with our obligations under Sebi rules and our agreements with stock exchanges.” 

Reliance Retail was founded in 2006 and currently operates a chain of neighbourhood stores, supermarkets, wholesale cash and carry stores, speciality and online stores, as well as several partner brand stores. 

It operates in different categories such as food and grocery, consumer electronics, fashion and lifestyle.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

The company runs 10,901 stores across more than 6,700 cities in India. 

Last month, RIL subsidiary Reliance Retail Ventures Limited (RRVL) agreed to buy certain businesses, including Retail & Wholesale Business and the Logistics & Warehousing Business, of Indian conglomerate Future Group for ₹247.13bn ($3.38bn).  

The same month, RRVL also acquired a majority equity stake in Vitalic Health (Vitalic) and its subsidiaries, which are together known as Netmeds, for $83m.