Reliance Industries Jump 8.5 percent, First Indian Firm to Reach Rs 14 lakh crore Mark
4 years, 3 months ago

Reliance Industries Jump 8.5 percent, First Indian Firm to Reach Rs 14 lakh crore Mark

News 18  

New Delhi: Continuing its rally, shares of Reliance Industries Ltd on Thursday zoomed 8.5 per cent and the company’s market valuation rose to Rs 14,66,589.53 crore in late afternoon trade becoming the first domestic firm to achieve the milestone. On Wednesday, it was announced that US private equity firm Silver Lake Partners would buy 1.75 per cent stake in RIL’s retail arm for Rs 7,500 crore. RIL’s market valuation rose to Rs 14,66,589.53 crore in late afternoon trade on the BSE. Reliance Retail Limited, a subsidiary of RRVL, operates India’s largest and most profitable retail business spanning supermarkets, consumer electronics chain stores, cash and carry wholesale business, fast-fashion outlets, and online grocery store JioMart.

Market Reliance Industries Cent Bse Mark Silver Lake Reliance Ril Crore Usd  lakh  indian  reliance  cent  mark  industries  bse  valuation  reach  crore  usd  firm  rs  retail  trade  market  jump

History of this topic

RIL AGM 2024: Reliance Retail Among Top-5 Global Retailers In Store Numbers, Mukesh Ambani Shares 6 Pillars
3 months, 3 weeks ago

RIL AGM 2024: Reliance Retail Among Top-5 Global Retailers In Store Numbers, Mukesh Ambani Shares 6 Pillars

News 18  

Reliance AGM 2024 Live: Reliance Industries chairman Mukesh Ambani on Thursday announced that Reliance Retail is among the top 5 global retailers in terms of number of stores. During the year, Reliance Retail undertook an equity fund raise of ₹17,814 crore, achieving a valuation milestone of USD 100 billion. Mukesh Ambani shared six pillars of retail business; “First, the retail …

RIL AGM: Reliance Industries set to discuss 1:1 bonus shares on September 5
3 months, 3 weeks ago

RIL AGM: Reliance Industries set to discuss 1:1 bonus shares on September 5

India Today  

Reliance Industries Ltd, India’s most valuable company, is set to discuss a 1:1 bonus share issue at its board meeting scheduled for September 5. In an official statement filed with the stock exchange on August 29, RIL confirmed that its Board of Directors would meet to consider recommending the issuance of bonus shares in the ratio of 1:1 to existing …

Reliance Industries posts 9 per cent surge in Q3 net profit to Rs 17,265 crore
11 months ago

Reliance Industries posts 9 per cent surge in Q3 net profit to Rs 17,265 crore

India TV News  

Reliance Industries Limited reported a 9 per cent rise in its third quarter net profit which stood at Rs 17,265 crore. Jio Platforms Limited witnessed an 11.4 per cent Y-o-Y increase in revenue, driven by robust subscriber growth in mobility and homes, along with improved average revenue per user. Reliance Retail Ventures Limited showed a strong performance, with a 22.8 …

RIL invested ₹45,000 crore in West Bengal, additional Rs. 20,000 crore planned
1 year, 1 month ago

RIL invested ₹45,000 crore in West Bengal, additional Rs. 20,000 crore planned

Live Mint  

Reliance Industries has invested ₹45,000 crore in West Bengal and is further planning to invest additional Rs. 20,000 crore in the next three years, chairman Mukesh Ambani said at the 7th Edition of Bengal Global Business Summit in Kolkata. Ambani further said that Reliance Retail will also expand the number of retail stores from 1000 to 1200 within next two …

UK’s Fashion Retailer Superdry Sells South Asian IP Assets To Reliance Retail In JV Worth £40 Million
1 year, 2 months ago

UK’s Fashion Retailer Superdry Sells South Asian IP Assets To Reliance Retail In JV Worth £40 Million

ABP News  

UK’s Superdry announced on Wednesday that it will sell it’s intellectual property assets in South Asia to Reliance Retail for Rs 402 crore through a joint venture. The UK-based fashion retailer stated that it would own 24 per cent of the joint venture, while Mukesh Ambani’s Reliance Retail would control the remaining 76 per cent. The firm further stated in …

Ambani Scions Made Reliance Board Members
1 year, 3 months ago

Ambani Scions Made Reliance Board Members

Deccan Chronicle  

The Reliance Industries Limited held its 46th Annual General Meeting for its shareholders on Monday. Changes in Reliance Board Nita Ambani stepped down from the Board of Directors of Reliance Industries Limited, making way for children Isha, Akash and Anant to become the non-executive directors on the RIL Board. Key Takeaways Jio Financial Services was mini bonus for long-term RIL …

RIL trades flat ahead of 46th AGM at 2 pm today; Jio Financial surges 5%
1 year, 3 months ago

RIL trades flat ahead of 46th AGM at 2 pm today; Jio Financial surges 5%

Business Standard  

Shares of Reliance Industries Limited were flat at Rs 2,483 apiece on the BSE in Monday's intra-day trade ahead of 46th annual general meeting. As of 10:55 am, shares of JFSL were up 4.7 per cent to Rs 222 apiece on the BSE, while the stock clinched itself as top Nifty50 performer, up 3.7 per cent on the NSE. In …

Reliance share price volatile ahead of 46th AGM
1 year, 3 months ago

Reliance share price volatile ahead of 46th AGM

Live Mint  

Reliance Industries share price opened nominally higher but traded volatile in early deals on Monday ahead of the company's 46th Annual General Meeting. Prashanth Tapse, Senior VP of Research at Mehta Equities underscored that all eyes would be on RIL AGM and its announcement focusing on Jio Financial's future outlook post-demerger and other high hopes on Future Retail IPO, Reliance …

Reliance AGM may announce group's plans for businesses
1 year, 3 months ago

Reliance AGM may announce group's plans for businesses

Deccan Chronicle  

Mumbai: Reliance Industries will hold its 46th annual general meeting on Monday, August 28. Analysts are expecting some crucial announcement during the AGM from RIL chairman Mukesh Ambani like initial public offering by Reliance Group's retail and telecommunication businesses as well as an update on the pace and direction of investments in the new energy segment. Last week RIL announced …

Mukesh Ambani’s Reliance Industries Limited may sell 8-10% stake in RRVL: Report
1 year, 4 months ago

Mukesh Ambani’s Reliance Industries Limited may sell 8-10% stake in RRVL: Report

Live Mint  

Ahead of the proposed IPO of Reliance Retail Ventures Ltd, Mukesh Ambani's RIIL is planning to sell an additional 8-10% stake in RRVL, reported Economic Times citing inputs from industry experts. On Thursday, Qatar Investment Authority announced an investment of ₹8,278 crores into Ambani's Reliance Retail Ventures Limited, a subsidiary of Reliance Industries Limited. Isha Mukesh Ambani, director, Reliance Retail …

QIA to invest ₹ 8,278 crore in RIL’s retail arm for 0.99%
1 year, 4 months ago

QIA to invest ₹ 8,278 crore in RIL’s retail arm for 0.99%

Live Mint  

NEW DELHI, BENGALURU : Sovereign wealth fund Qatar Investment Authority has agreed to invest ₹8,278 crore into the retail arm of Reliance Industries Ltd, marking a fresh round of investments into Reliance Retail Ventures Ltd after the country’s largest retailer raised ₹47,265 crore in 2021. Between 2020-21, RIL raised ₹47,265 crore by selling a little more than 10% in RRVL …

RIL shares volatile as all eyes on 46th AGM; experts positive on the stock
1 year, 4 months ago

RIL shares volatile as all eyes on 46th AGM; experts positive on the stock

Live Mint  

A day after suffering a loss of 1.50 per cent, shares of Reliance Industries traded volatile in the morning trade on BSE on Tuesday, August 22 as investors fix their eyes on the company's 46th Annual General Meeting on Monday, August 28 at 2:00 pm. Jio Financial Services Limited, formerly known as Reliance Strategic Investments Limited, the demerged financial arm …

Reliance-Jio Financial demerger defies all bets, JFSL valued at ₹261.85/share
1 year, 5 months ago

Reliance-Jio Financial demerger defies all bets, JFSL valued at ₹261.85/share

Hindustan Times  

The Mukesh Ambani-led Reliance Industries Limited on Thursday demerged its financial section Jio Financial Services Limited at a 1:1 ratio. After the special pre-opening session by the National Stock Exchange, RIL was valued at ₹2,580 and JFSL at ₹261.85 per share, much higher than what analysts predicted. Reliance Industries Limited logo On the Bombay Stick Exchange, which also conducted a …

RIL share price hits new 52-week high ahead of Jio Financial Services demerger
1 year, 5 months ago

RIL share price hits new 52-week high ahead of Jio Financial Services demerger

Live Mint  

Reliance Industries shares witnessed minor gains on Wednesday early trade ahead of demerger of Jio Financial Services. The planned demerger of Jio Financial Services had been approved by the National Company Law Tribunal, RIL reported in a BSE filing on July 8th. Last September, RIL stated that its financial services division would be demerged and listed separately on the stock …

Reliance Industries' Q4 profit sees 18% year-on-year jump at ₹21,327 crore
1 year, 8 months ago

Reliance Industries' Q4 profit sees 18% year-on-year jump at ₹21,327 crore

Hindustan Times  

Reliance Industries has posted an 18.3 per cent jump in its profit after tax to ₹21,327 crore for the quarter ended March 31, 2023, against ₹18,021 crore in the year-ago period. The company said it achieved a record annual consolidated profit after tax at ₹74,088 crore in FY23 against ₹65,009 crore in FY22, which is up 14 per cent year-on-year. …

RIL shares dip ahead of Q4; key things to watch out for
1 year, 8 months ago

RIL shares dip ahead of Q4; key things to watch out for

Live Mint  

Shares of Mukesh Ambani-led Reliance Industries edged higher in Friday's trade at ₹2353.90 versus the previous day close of ₹2345, but could not sustain the gains and soon turned in the red. The stock has gained 3.16 per cent in the last one month, while on a year-to-date basis RIL shares fell 9.09 per cent. Ahead of Q4 results, RIL …

RIL shares: Why JPMorgan has ’overweight’ stance even as stock at 52-week low
1 year, 9 months ago

RIL shares: Why JPMorgan has ’overweight’ stance even as stock at 52-week low

Live Mint  

In CY23, global brokerage JPMorgan continues to see Reliance Industries Ltd as a relative outperformer in what could be a sluggish earnings environment overall, but see multiple potential catalysts over CY24-25 to help drive absolute outperformance. “We see continued strength in refining business, a likely rebound in Petrochem spreads from decadal low levels from China re-opening, and volume growth in …

RIL Buying US-Based Software Firm SenseHawk for Rs 255 Crore
2 years, 3 months ago

RIL Buying US-Based Software Firm SenseHawk for Rs 255 Crore

News 18  

Reliance Industries Ltd has signed definitive agreements to acquire a 79.4 per cent stake in California-based solar energy management software developer SenseHawk Inc for a total transaction value of $32 million, including funding for future growth, commercial rollout of products, and R&D, according to a statement. “SenseHawk, along with RIL’s other investments in New Energy, will be synergistic and create …

As RIL aims big, investors have eye on risk
2 years, 3 months ago

As RIL aims big, investors have eye on risk

Live Mint  

Shares of Reliance Industries Ltd fell by 0.8% on Monday, the day the company laid out ambitious growth plans at its 45th annual general meeting. However, it will require rapid investment in 5G infrastructure and given the limited use cases available, the ability to drive adoption will be a key test for RIL," said analysts at HSBC Global Research. RIL’s …

RIL AGM 2022: Reliance To Launch FMCG Business This Year, Says Isha Ambani
2 years, 3 months ago

RIL AGM 2022: Reliance To Launch FMCG Business This Year, Says Isha Ambani

News 18  

Isha Ambani, director of Reliance Retail Ventures Ltd, on Monday said the company is going to launch its first fast-moving consumer goods business and its objective is to develop products to solve every Indian’s daily needs. The objective of this business is to develop and deliver high-quality, affordable products which solve every Indian’s daily needs,” Isha Ambani, the daughter of …

Reliance Retail’s 1st-qtr revenue is best ever, employee headcount nears 3.80L
2 years, 5 months ago

Reliance Retail’s 1st-qtr revenue is best ever, employee headcount nears 3.80L

Live Mint  

Retail Retail, the business housing the retail interests of billionaire Mukesh Ambani's Reliance Industries Ltd, added 17,000 employees during the April-June quarter. Reliance Retail has logged its best-ever quarterly revenues in a macro environment that remained challenging, the company said, adding, “Gross Revenue was at ₹58,554 crore for the quarter, registering a growth of 51.9% YoY.” The business posted an …

Reliance Industries share price hits all-time high
2 years, 8 months ago

Reliance Industries share price hits all-time high

India Today  

Reliance Industries share price hit an all-time high in early morning trade on Thursday. RELIANCE RIL SHARE PRICE Reliance Industries share price on BSE was up by 1.78 per cent or 48 points to Rs 2,766. You can track Reliance Industries share price on BSE at https://www.bseindia.com/stock-share-price/reliance-industries-ltd/reliance/500325/. Reliance Industries share price on NSE was at Rs 2,767, up by 1.80 …

RIL invests ₹7,600 cr on acquisitions in first 3 qtrs to strengthen retail arms
2 years, 11 months ago

RIL invests ₹7,600 cr on acquisitions in first 3 qtrs to strengthen retail arms

Live Mint  

Reliance Industries Ltd has spent more than ₹7,600 crore over the past nine months of this fiscal towards investing in and acquiring assets to strengthen its retail business, according to Gaurav Jain, head, strategy and business development, Reliance Retail. “We have spent close to ₹7,600 crore in the first nine months in investing and acquiring assets and investing in capabilities …

RIL Q3 Results: Profit Jumps 42% to Rs 18,549 cr, Revenue Rises to Rs 1,91,271 cr
2 years, 11 months ago

RIL Q3 Results: Profit Jumps 42% to Rs 18,549 cr, Revenue Rises to Rs 1,91,271 cr

News 18  

Billionaire Mukesh Ambani owned, oil to chemical, telecom and retail conglomerate, Reliance Industries, on January 21 reported a consolidated profit after tax of Rs 18,549 crore for the quarter ended December 2021, up 42 per cent from Rs 13,101 crore registered in the corresponding quarter of the last financial year. The company had reported a profit of Rs 13,680 crore …

RIL Q2 profit jumps 46% to Rs 15,479 cr compared to last year; consolidated revenue at Rs 1.74 lakh cr – Firstpost
3 years, 2 months ago

RIL Q2 profit jumps 46% to Rs 15,479 cr compared to last year; consolidated revenue at Rs 1.74 lakh cr – Firstpost

Firstpost  

All businesses showed growth over pre-COVID levels with the digital services segment gaining record quarterly business in Q2 Reliance Industries announced Friday a record quarterly consolidated profit of Rs 15,479 crore for the quarter that ended in September 2021, registering a 46 percent increase in comparison to the same period a year ago, driven by all key – retail, digital …

Reliance Retail to acquire controlling stake in Just Dial for ₹3,497 crore
3 years, 5 months ago

Reliance Retail to acquire controlling stake in Just Dial for ₹3,497 crore

The Hindu  

Reliance Retail Ventures Ltd, a subsidiary of Reliance Industries Ltd, has executed definitive agreements with Just Dial Ltd and its founder & managing director VSS Mani & others to acquire controlling stake in Just Dial for a total consideration of ₹3,497 crore. As per the deal, Just Dial will make a preferential allotment of 2.12 crore equity shares to RRVL …

Reliance retail acquires controlling stakes in Justdial for Rs 3,497 cr
3 years, 5 months ago

Reliance retail acquires controlling stakes in Justdial for Rs 3,497 cr

India TV News  

Reliance retail ventures limited has announced the acquisition of a controlling stake in Justdial limited for a total amount of Rs 3,497 crore. According to the executed definitive agreements worked out between Reliance Retail Ventures Limited, Justdial Limited and VSS Mani & others, preferential allotment of 2.12 crore equity shares was a price per share of Rs 1,022.25, acquisition of …

Reliance Retail Sold 18 cr Units in COVID-19 Year, Enough to Dress UK, Germany, Spain Once
3 years, 6 months ago

Reliance Retail Sold 18 cr Units in COVID-19 Year, Enough to Dress UK, Germany, Spain Once

News 18  

Reliance Industries Limited chairman Mukesh Ambani during the 44th Annual General Meeting highlighted key achievements of the conglomerate’s retail businesses, including providing jobs, clocking profits during the pandemic, among other things. RIL’s apparel business sold nearly five lakh units per day and over 18 crore units during the year. RIL further consolidated its position in consumer electronics and sold 4.5 …

RIL AGM 2021: Reliance Retail to create 10 lakh jobs, on a hyper growth trajectory, says Mukesh Ambani
3 years, 6 months ago

RIL AGM 2021: Reliance Retail to create 10 lakh jobs, on a hyper growth trajectory, says Mukesh Ambani

Firstpost  

As India’s largest grocery retailer, Reliance Retail sold over a billion units of groceries or about 30 lakh units per day, Ambani said Chairman of Reliance Industries Limited, Mukesh Ambani during the 44th Annual General Meeting said the company’s retail business is on a hyper-growth trajectory and will provide 10 lakh jobs in the near future. “RIL’s apparel business sold …

Reliance AGM 2021 LIVE Updates: Mukesh Ambani RIL 44th Annual General Meeting Announcements Jio Google 5G Phone JioBook Saudi Aramco
3 years, 6 months ago

Reliance AGM 2021 LIVE Updates: Mukesh Ambani RIL 44th Annual General Meeting Announcements Jio Google 5G Phone JioBook Saudi Aramco

ABP News  

Reliance AGM 2021 HIGHLIGHTS: Billionaire Mukesh Ambani, Asia's most affluent, is addressing the shareholders at the 44th Annual General Meeting of Reliance Industries Limited, India's most valued firm by market capitalization, today virtually. Ambani, known for making big bang announcements during the AGM, is expected to cheer the shareholders with mega announcements in its core O2C business and the consumer-facing …

RIL stock slips as investors focus on company’s earnings
4 years, 1 month ago

RIL stock slips as investors focus on company’s earnings

Live Mint  

Shares of Reliance Industries Ltd fell 3% on Friday as investor focus turned to its earnings after the company said it completed a fundraising programme by selling 10% stake in Reliance Retail Venture. The company had on Thursday informed exchanges that it has for time being completed inducting partners and raising funds for Reliance Retail Ventures. On 2 November, brokerage …

RIL shares jump over 3% after Saudi Arabia's PIF invests Rs 9,555 cr in Reliance Retail
4 years, 1 month ago

RIL shares jump over 3% after Saudi Arabia's PIF invests Rs 9,555 cr in Reliance Retail

India TV News  

Shares of Reliance Industries Ltd gained over 3 per cent in early trade on Friday after the company's retail arm raised Rs 9,555 crore from Public Investment Fund of Saudi Arabia. Billionaire Mukesh Ambani-run Reliance Industries Ltd''s retail arm on Thursday raised Rs 9,555 crore from Public Investment Fund of Saudi Arabia, taking total fundraise in the last two months …

RIL shares gain 3% after PIF invests ₹9,555 cr in Reliance Retail Ventures
4 years, 1 month ago

RIL shares gain 3% after PIF invests ₹9,555 cr in Reliance Retail Ventures

Live Mint  

Shares of Reliance Industries Ltd on Friday gained over 3% after the company informed exchanges that Saudi Arabia wealth fund Public Investment Fund will invest ₹9,555 crore in its retail arm. The transaction values Reliance Retail Ventures Ltd at a pre-money equity value of ₹4.587 trillion. Last month, Mubadala Investment Co., the sovereign wealth fund of Abu Dhabi, invested ₹6,247.5 …

PIF invests ₹9,555 crore in RIL’s retail arm
4 years, 1 month ago

PIF invests ₹9,555 crore in RIL’s retail arm

Live Mint  

Saudi Arabia’s Public Investment Fund will invest ₹9,555 crore for a little over 2% in Reliance Industries Ltd’s retail unit, taking total investments into India’s largest retailer to about ₹47,265 crore. “I welcome PIF as a valued partner in Reliance Retail and look forward to their sustained support and guidance as we continue our ambitious journey to transform India’s retail …

Saudi Arabia's PIF invests Rs 9,555 crore in Reliance Retail
4 years, 1 month ago

Saudi Arabia's PIF invests Rs 9,555 crore in Reliance Retail

India TV News  

Billionaire Mukesh Ambani-run Reliance Industries Ltd's retail arm on Thursday raised Rs 9,555 crore from Public Investment Fund of Saudi Arabia, taking total fundraise in the last two months to Rs 47,265 crore. Reliance Retail Limited, a subsidiary of RRVL, operates India's largest, fast-growing retail business serving close to 640 million footfalls at its 12,000 stores across the country. Reliance …

RIL's Q2 Net Profit Falls 15% To Rs 9,567 Crore As Covid-19 Impacted Fuel Demand
4 years, 1 month ago

RIL's Q2 Net Profit Falls 15% To Rs 9,567 Crore As Covid-19 Impacted Fuel Demand

ABP News  

Shapoorji Pallonji Group Wants Stakes In All Tata Group Companies As Part Of The Settlement Billionaire Mukesh Ambani-led Reliance Industries Ltd reported a 15% fall in the September quarter net profits as the coronavirus crisis gutted the demand for transportation fuels. Domestic demand has sharply recovered across our O2C business and is now near pre-Covid level for most products.” The …

RIL's retail arm receives Rs 5,550 cr from KKR for 1.28% stake sale
4 years, 2 months ago

RIL's retail arm receives Rs 5,550 cr from KKR for 1.28% stake sale

India TV News  

Reliance Industries Ltd has received Rs 5,550 crore from global investment firm KKR, which has picked up 1.28 per cent stake in its retail arm, the Mukesh Ambani-led company said today. In a regulatory filing, Reliance Industries said: "Reliance Retail Ventures Limited, a subsidiary of the company, today received the subscription amount of Rs 5,550 crore from Alyssum Asia Holdings …

RIL shares jump over 4% after ADIA invests Rs 5,512.5 crore in Reliance Retail
4 years, 2 months ago

RIL shares jump over 4% after ADIA invests Rs 5,512.5 crore in Reliance Retail

India TV News  

Shares of Reliance Industries Ltd on Wednesday gained over 4 per cent after Reliance Retail Ventures Ltd raised Rs 5,512.50 crore from Abu Dhabi Investment Authority. Reliance Retail Ventures Ltd, run by India's richest man Mukesh Ambani, on Tuesday raised Rs 5,512.50 crore from Abu Dhabi Investment Authority, taking the total fundraise to Rs 37,710 crore in less than four …

As ADIA Joins the Spree with Rs 5,512.5 Cr Investment, Here's How RIL Achieved Eight Deals in Four Weeks
4 years, 2 months ago

As ADIA Joins the Spree with Rs 5,512.5 Cr Investment, Here's How RIL Achieved Eight Deals in Four Weeks

News 18  

Abu Dhabi Investment Authority will invest Rs 5,512.5 crore in Mukesh Ambani-controlled Reliance Industries into its retail division, the latest in a string of such investments in recent weeks. “With this investment, RRVL has raised Rs 37,710 crore from leading global investors including Silver Lake, KKR, General Atlantic, Mubadala, GIC, TPG and ADIA in less than four weeks,” the statement …

ADIA to invest ₹5,512.50 crore in Reliance Retail for 1.2% stake
4 years, 2 months ago

ADIA to invest ₹5,512.50 crore in Reliance Retail for 1.2% stake

Live Mint  

Abu Dhabi Investment Authority will invest ₹ 5,512.50 crore in Reliance Retail Ventures Ltd for a 1.2% stake in the Reliance Industries subsidiary. “Reliance Retail’s vision is to galvanize the Indian retail sector through an inclusive strategy …Reliance Retail, through its new commerce strategy, has started a transformational digitalization of small and unorganised merchants and is committed to expanding the …

Investments in RRVL May Now be Directed to Ramp Up JioMart's Foray into Fashion
4 years, 2 months ago

Investments in RRVL May Now be Directed to Ramp Up JioMart's Foray into Fashion

News 18  

Reliance Retail Ventures Ltd on Monday raised Rs 5,512.50 crore from Abu Dhabi Investment Authority, taking the total fundraise to Rs 37,710 crore in less than four weeks. The investment values RRVL, the retail arm of Reliance Industries Ltd, at a pre-money equity value of Rs 4.285 lakh crore. Meanwhile, JioMart has expanded beyond grocery segment nearly three months after …

Abu Dhabi's Sovereign Fund ADIA to Invest Rs 5,512.5 Crore in Reliance Retail for 1.2% Stake
4 years, 2 months ago

Abu Dhabi's Sovereign Fund ADIA to Invest Rs 5,512.5 Crore in Reliance Retail for 1.2% Stake

News 18  

Reliance Retail Ventures Ltd, run by India’s richest man Mukesh Ambani, on Monday raised Rs 5,512.50 crore from Abu Dhabi Investment Authority, taking the total fundraise to Rs 37,710 crore in less than four weeks. The investment values RRVL, the retail arm of Reliance Industries Ltd, at a pre-money equity value of Rs 4.285 lakh crore. Reliance Retail Ltd, a …

Reliance Retail Cracks Seven Deals in Less Than a Month, Raises More Than Rs 32,000 Cr
4 years, 2 months ago

Reliance Retail Cracks Seven Deals in Less Than a Month, Raises More Than Rs 32,000 Cr

News 18  

The retail arm of the Reliance Industries Limited’s has raised Rs 32,197.50 crore in exchange of 7.28 per cent consolidated stakes spread across seven mega deals in less than a month. The Reliance Retail Venture Ltd received investment from half a dozen global firms including Silver Lake, KKR, General Atlantic, Mubadala. On September 23, the RIL announced Rs 5,550 crore …

Reliance Raises Rs 7,350 Crore from New Investments by Global Firms GIC, TPG in Retail Arm
4 years, 2 months ago

Reliance Raises Rs 7,350 Crore from New Investments by Global Firms GIC, TPG in Retail Arm

News 18  

New Delhi: Billionaire Mukesh Ambani's Reliance Industries Ltd on Friday announced to raise Rs 7,350 crore from two investors — Singapore's sovereign wealth fund GIC and Global alternative asset firm TPG — by selling a stake in group's retail arm. Through two separate deals, Reliance Industries will sell 1.63 per cent stake in Reliance Retail Ventures Limited. Earlier, On Thursday, …

Silver Lake's co-investors invests additional Rs 1,875 in Reliance Retail
4 years, 2 months ago

Silver Lake's co-investors invests additional Rs 1,875 in Reliance Retail

India Today  

Reliance Industries Limited owned by Mukesh Ambani announced on Wednesday that the co-investors of Silver Lake, the US private equity firm, will invest an additional Rs 1,875 crore into Reliance Retail Ventures Limited. Speaking of the aggregate investment brought by Silver Lake, Mukesh Ambani, Chairman and Managing Director of Reliance Industries, said, "Silver Lake and its co-investors are valued partners …

General Atlantic to invest ₹3675 crore in Reliance Retail Ventures
4 years, 2 months ago

General Atlantic to invest ₹3675 crore in Reliance Retail Ventures

Live Mint  

Global equity firm, General Atlantic will invest ₹3,675 crore into Reliance Retail Ventures Limited, a subsidiary of Reliance Industries, for a 0.84% stake, Reliance Industries said today. Mukesh Ambani, Chairman and Managing Director of Reliance Industries, said, “Like Reliance Retail, General Atlantic believes in the fundamental ability of digital enablement to drive progress, growth, and inclusion across India and the …

General Atlantic to Invest Rs 3,675 Crore in Reliance Retail as RIL Seals Third Mega Deal This Month
4 years, 2 months ago

General Atlantic to Invest Rs 3,675 Crore in Reliance Retail as RIL Seals Third Mega Deal This Month

News 18  

American investment firm General Atlantic will invest Rs 3,675 crore in the retail unit of Reliance Industries Ltd, the Indian conglomerate said on Wednesday, bringing the total funding in Reliance Retail to over Rs 16,000 crore within a month. General Atlantic will pick up a 0.84 per cent stake in exchange and the investment values Reliance Retail at a pre-money …

General Atlantic invests Rs 3,675 crore in Reliance Retail
4 years, 2 months ago

General Atlantic invests Rs 3,675 crore in Reliance Retail

India Today  

Reliance Industries Limited and Reliance Retail Ventures Limited announced on Wednesday said today that General Atlantic will invest Rs 3,675 crore into RRVL, a subsidiary of Reliance Industries. Like Reliance Retail, General Atlantic believes in the fundamental ability of digital enablement to drive progress, growth, and inclusion across India and the world,” said Mukesh Ambani, chairman and managing director of …

Reliance Deal Spree Explained in 10 Points as KKR Buys Stake in Retail Business for Rs 5,550 Crore
4 years, 3 months ago

Reliance Deal Spree Explained in 10 Points as KKR Buys Stake in Retail Business for Rs 5,550 Crore

News 18  

Reliance Industries Ltd, India’s largest conglomerate, has raised Rs 1.65 lakh crore over the past few months through stake sales at its digital unit Jio Platforms and its retail arm Reliance Retail Ventures. Here are 10 facts about the Reliance deal spree: – On Wednesday, the company announced a Rs 5,550 crore investment from KKR & Co Inc in its …

RIL Top Gainer on Sensex, Share Price Rises 3% After Investment by KKR in Reliance Retail
4 years, 3 months ago

RIL Top Gainer on Sensex, Share Price Rises 3% After Investment by KKR in Reliance Retail

News 18  

Reliance Industries share price gained 3 per cent in early trade on September 23 after the announcement that global investment firm KKR will invest Rs 5,550 crore in the company’s retail subsidiary Reliance Retail for a 1.28 per cent stake. This marks the second investment by KKR in a subsidiary of Reliance Industries, following a Rs 11,367 crore investment in …

Discover Related