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Silver Lake to invest $1.02 billion in India’s Reliance Retail

U.S. private equity firm Silver Lake Partners will invest $1.02 billion in its retail business of Reliance Industries Ltd, helping the company widen its lead as India‚Äôs biggest retailer. In May, Reliance launched online grocery service JioMart. It has been aggressively building its retail presence through acquisitions, moving beyond its mainstay oil and gas business. […]