Silver Lake Values Reliance Retail Lower Than Most Brokerage Estimates

Silver Lake invested in Reliance Retail Ventures Ltd. at a valuation that's in line with parent Retail Industries Ltd.'s calculations, but below the brokerage estimates.The private equity firm acquired 1.75% stake in the holding arm of Ambani's retail unit for Rs 7,500 crore, according to an exchange filing. The transaction happened at a pre-equity valuation of Rs 4.21 lakh crore.Reliance Industries, according to its filings, had inv...