New Delhi, Sep 4 (TIWN) Private equity fund Silver Lake is in talks to invest $1 billion in Reliance Retail.

Silver Lake is already an investor in Reliance Jio and aggregate investment by Silver Lake is Rs 10,202.55 crore for 2.08 percent equity in Reliance Jio.

Reliance Retail Ventures Limited (RRVL), subsidiary of Reliance Industries Limited, announced that it is acquiring the retail and wholesale Business and the logistics and warehousing business from the Future Group as going concerns on a slump sale basis for lumpsum aggregate consideration of Rs 24,713 crore, subject to adjustments as set-out in the composite scheme of arrangement (Scheme).