An investment of Rs 7,500 crore is to be invested by Silver Lake Partners. The private equity firm targets a 1.75% stake from the investment in the retail arm of Reliance Industries Ltd (RIL).

In a press statement, Reliance Industries Ltd mentioned that Reliance Retail is valued at pre-money equity worth of Rs4.21 trillion, based on the investment. Following the announcement, RIL shares advanced 1.3% at Rs 2132 crore on the BSE at 9.30 am.

Silver Lake, the world’s largest tech investor, had previously picked up a 2.08% stake for $1.34 billion in Jio Platforms. RIL had initially offered all 13 financial and strategic investors of Jio Platforms the option to invest in its Reliance Retail Ventures Ltd (RRVL) unit, Livemint reported.

With the inclusion of Facebook, Google, KKR, Silver Like and TPG as investors, it helped RIL to reach a total of Rs1.52 trillion in the past few months by gaining a total 33% stake in its digital unit, Jio Platforms.

Reliance Retail Limited, a subsidiary of Reliance Retail Ventures Ltd (RRVL), operates India’s largest retail business serving close to 640 million footfalls across its 12,000 stores nationwide.

“Reliance Retail’s vision is to galvanize the Indian retail sector through an inclusive strategy serving millions of customers by empowering millions of farmers and micro, small and medium enterprises (MSMEs) and working closely with global and domestic companies as a preferred partner,” said RIL in the press statement.

 Silver Lake is an investor in some of the largest and successful tech companies globally such as Twitter, Airbnb, Alibaba, Dell Technologies, ANT Financials, Twitter, Alphabet’s Waymo and Verily, among others.AirbnbAlibabaAlphabet’s Waymo and VerilyANT FinancialsDell technologiesFacebookGoogleJio PlatformsKKRReliance Industries Ltd (RIL)Silver Like and TPGTwitter