Value Lens: Why Silver Lake-backed Reliance Retail towers over global biggies

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Reliance Industries Ltd’s retail unit will certainly surprise global brick-and-mortar giants in the segment with a relatively aggressive valuation. This becomes apparent after number-crunching the oil-to-telecoms conglomerate’s deal with Silver Lake announced earlier this week. Under the pact, the tech-focused private equity firm is investing $1 billion in Reliance Retail Ventures ......