--Silver Lake is in discussions to buy a stake worth about $1 billion in Reliance Industries Ltd.'s retail business, the Financial Times reported Thursday, citing unnamed sources.

--Reliance Retail is hoping to raise $5.7 billion by selling about 10% in new shares and Silver Lake's potential investment would value Reliance Retail at about $57 billion, the FT report said.

Full story: https://on.ft.com/3bujXJB

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