Reliance Retail Plans to sell 1.8% Stake to American PE Silver Lake
As per media sources, Reliance retail is in final talk with American Private Player Silver Lake for the sale of 1.8% stakes in the company for 7500 Crores of valuation. If this deal goes through, the Reliance Retail could be valued ~4.3 Lakh Crores. The total equity at present is ~500 Crores. This will value Reliance Retail at ~860 per share. At present, due to the peak demand of its share in the Unlisted market the Reliance Retail share is trading at Rs. 1250 per share. Though, the company has not made this final to any media house. However, the company is certainly looking to divest some stakes in Reliance Retail. We at UnlistedZone will update the story further as soon as we get more insight on it.
As per media sources, Reliance retail is in final talk with American Private Player Silver Lake for the sale of 1.8% stakes in the company for 7500 Crores of valuation.
If this deal goes through, the Reliance Retail could be valued ~4.3 Lakh Crores. The total equity at present is ~500 Crores. This will value Reliance Retail at ~860 per share.
At present, due to the peak demand of its share in the Unlisted market the Reliance Retail share is trading at Rs. 1250 per share.
Though, the company has not made this final to any media house. However, the company is certainly looking to divest some stakes in Reliance Retail.
We at UnlistedZone will update the story further as soon as we get more insight on it.