Private equity firm Silver Lake Partners is in talks to invest $1 billion in Reliance Industries retail arm, the Financial Times reported.
The investment, which would value Reliance Retail at about $57 billion, comes as the company is aiming to sell about 10% in new shares, the report added.
Mukesh Ambani's RIL has raised more than $20 billion from global investors by selling stakes in its Jio Platforms digital business and has said it aims to attract investors to Reliance Retail over the next few quarters.