Mukesh Ambani's Reliance goes on shopping spree to take on e-commerce giants in India
4 years, 4 months ago

Mukesh Ambani's Reliance goes on shopping spree to take on e-commerce giants in India

India Today  

Reliance Industries Limited has gone on a shopping spree after the company successfully managed to become debt free earlier this year. Now, the sixth-richest man in the world is looking expand RIL’s product offerings by acquiring several local online retailers as it looks to take on other online retailers and e-commerce giants. Sources quoted in a Bloomberg news report indicate that RIL is actively looking to expand its product offerings to take on online retailers, especially Amazon.com Inc. Reliance’s widening retail footprint In a late BSE filing on Tuesday, Reliance announced details of its latest acquisition. This is further proof that Mukesh Ambani, 63, is actively looking at strengthening RIL’s retail ventures to take on e-commerce giants in the country. While Reliance has already expanded its footprint significantly in the retail space, market watchers believe that the company is now aiming to take up the pole position among e-commerce retailers in the country.

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History of this topic

Isha Ambani Charts Out Expansion Plans For Reliance Retail's Food, Grocery Business
3 months, 3 weeks ago

Isha Ambani Charts Out Expansion Plans For Reliance Retail's Food, Grocery Business

News 18  

Reliance AGM 2024: Isha Ambani, the Director of Reliance Retail Ventures Limited, shared the latest updates and plans for the retail business. Talking about plans for Reliance Retail during the 47th AGM of Reliance Industries on August 29, Isha Ambani said that the business is establishing 7-Eleven stores as a leading 24×7 convenience destination, offering localised fresh food and beverages …

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 …

Reliance AGM 2024: Mukesh Ambani says Reliance will consider issuing bonus shares in 1:1 ratio
3 months, 3 weeks ago

Reliance AGM 2024: Mukesh Ambani says Reliance will consider issuing bonus shares in 1:1 ratio

India TV News  

Reliance AGM 2024: Reliance Industries Chairman Mukesh Ambani on Thursday addressed the shareholders at the RIL AGM 2024 and said Reliance is truly blessed to make humble but crucial contribution to India. Mukesh Ambani said that the Reliance will be holding a board of directors meeting on September 5 to consider issuing bonus shares in the ratio of 1:1. We …

Mukesh Ambani's Reliance Retail planning a sports brand like Decathlon: Report
5 months, 2 weeks ago

Mukesh Ambani's Reliance Retail planning a sports brand like Decathlon: Report

Hindustan Times  

Reliance Retail is reportedly planning to challenge French retailer Decathlon with a new sports format as the Mukesh Ambani company aims to target the booming athleisure market. A report in the Economic Times claimed that Reliance Retail is planning to lease 8,000-10,000 sq ft spaces in prime locations across top cities for a yet-to-be-named brand as Mukesh Ambani looks to …

Mukesh Ambani's JioMart to enter quick commerce space in June? What we know
6 months, 3 weeks ago

Mukesh Ambani's JioMart to enter quick commerce space in June? What we know

Hindustan Times  

Mukesh Ambani's Reliance Industries may enter the quick commerce space as early as next month, it was reported. Reliance Retail's JioMart could launch the service soon to take on Zomato's Blinkit, Tata Group's BigBasket, Swiggy's Instamart and Zepto, Times of India reported citing people in the know. JioMart will not adopt a dark store model for its quick commerce operations …

Mukesh Ambani-led Reliance Industries achieves market cap of ₹20 lakh crore
10 months, 1 week ago

Mukesh Ambani-led Reliance Industries achieves market cap of ₹20 lakh crore

Hindustan Times  

Mukesh Ambani-led Reliance Industries Limited became the first Indian company to achieve a market capitalisation of ₹20 lakh crore. Mukesh Ambani, chairman of Reliance Industries Limited, The market valuation of the company surged to ₹20,01,279.72 crore during the intra-day session and at close, the market capitalisation stood at ₹19,81,635.72 crore. On the NSE, shares of Reliance Industries rose nearly 1.89 …

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 …

Mukesh Ambani rejoins $100 billion club as Reliance stock surges record 2.6%
11 months, 1 week ago

Mukesh Ambani rejoins $100 billion club as Reliance stock surges record 2.6%

Live Mint  

Mukesh Ambani is once again a centibillionaire. The richest person in India — and in Asia — saw his wealth climb $2.8 billion to $101.8 billion Thursday, as shares of his flagship, Reliance Industries Ltd., rose 2.6% to close at a record high. The listing last year of Reliance’s financial services unit, Jio Financial Services Ltd., helped to broaden the …

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 …

Mukesh Ambani’s Reliance Retail in talks to raise $2.5 billion: Report
1 year, 3 months ago

Mukesh Ambani’s Reliance Retail in talks to raise $2.5 billion: Report

Live Mint  

Indian billionaire Mukesh Ambani's Reliance Retail Ventures is in advanced talks with global investors to raise around $2.5 billion by the end of September, ahead of a potential stock market listing, people familiar with the matter told Reuters. Three sources said the target fund raise of $2.5 billion is part of a combined $3.5 billion target the firm has set …

Reliance AGM 2023: Mukesh Ambani To Remain Chairman & MD for Next 5 Years
1 year, 3 months ago

Reliance AGM 2023: Mukesh Ambani To Remain Chairman & MD for Next 5 Years

News 18  

Mukesh Ambani, chairman of Reliance Industries Limited, on Monday addressed the 46th Annual General Meeting. This AGM closely follows the listing of Jio Financial Services and Qatar Investment Authority’s purchase of a stake in Reliance Retail Ventures Limited. While chairman Mukesh Ambani-led conglomerate is set for its 46th AGM, investors have been eagerly waiting for announcements on the timeline of …

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 …

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 …

Mukesh Ambani’s Reliance Industries Limited may sell 8-10% stake in RRVL: Report
1 year, 3 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 …

Reliance Retail Reports 42% Growth In Transactions, Crosses One Billion Mark In FY23
1 year, 4 months ago

Reliance Retail Reports 42% Growth In Transactions, Crosses One Billion Mark In FY23

ABP News  

Mukesh Ambani’s Reliance Retail has crossed the benchmark of one billion transactions in the fiscal year 2023, Reliance Industries noted in its annual report released on Sunday. Further, RIL also noted in the annual report that moving forward, the next step for the retail company is to expand it’s reach into Tier 2 and 3 markets through more stores. The …

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. …

With Mukesh Ambani as chairman for 20 yrs, Reliance....
1 year, 11 months ago

With Mukesh Ambani as chairman for 20 yrs, Reliance....

Hindustan Times  

Reliance Industries Chairman and Managing Director Mukesh Ambani has completed two decades at the helm of Reliance Industries in 2022. Among the several achievements, RIL's market capitalisation grew at an annualised rate of 20.6 per cent in the last 20 years from ₹41,989 crore in March 2002 to ₹17,81,841 crore in March 2022. Reliance's total assets grew at an annualised …

Billionaire Adani’s unit eyes acquisitions to push food business in India
2 years, 3 months ago

Billionaire Adani’s unit eyes acquisitions to push food business in India

Live Mint  

Adani Wilmar Ltd., the kitchen essentials firm owned by Gautam Adani, is scouting for local and overseas acquisition targets as Asia’s richest man doubles down on boosting his empire’s food operations weeks after Reliance Industries Ltd. announced plans to launch a consumer goods business. “We are looking at acquiring brands in staple foods and distribution companies to boost our consumer …

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 …

Reliance AGM 2022 Highlights: Jio 5G In Mumbai, Delhi, Kolkata, Other Metros by Diwali; RIL to Set Up New Gigafactory in Power Electronics
2 years, 3 months ago

Reliance AGM 2022 Highlights: Jio 5G In Mumbai, Delhi, Kolkata, Other Metros by Diwali; RIL to Set Up New Gigafactory in Power Electronics

News 18  

RIL AGM 2022 LIVE Updates: Jiomart on WhatsApp to Revolutionise Business, says Reliance The JioMart on WhatsApp experience will revolutionize the way millions of businesses across the country connect with their consumers while bringing unparalleled simplicity and convenience to people’s shopping experience, said Reliance in a press release RIL 45th AGM Live Updates: Mukesh Ambani Sets Big Target Mukesh Ambani: …

Reliance Retail Now Has Over 200 Million Registered Customers: Retail Business Leader Isha Ambani
2 years, 3 months ago

Reliance Retail Now Has Over 200 Million Registered Customers: Retail Business Leader Isha Ambani

News 18  

At the 45th Annual General Meeting of Reliance Industries Limited, Chairman and Managing Director Mukesh Ambani introduced Isha Ambani as the leader of Reliance Retail business. Isha Ambani took the centre-stage to talk about the growth of Reliance Retail in India and said that Reliance Retail has served over 200 million registered customers. Isha Ambani claimed that Reliance’s grocery business …

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 …

Mukesh Ambani’s Reliance Industries will hold AGM on August 29: Check details
2 years, 4 months ago

Mukesh Ambani’s Reliance Industries will hold AGM on August 29: Check details

Live Mint  

The 44th Annual General Meeting of Reliance Industries will take place on August 29, 2022. Billionaire Mukesh Ambani's RIL announced a 46% increase in net profit for the June quarter in July, thanks to record oil refining earnings as well as booming telecom and retail operations. According to a statement from the company, the oil, retail, and telecom conglomerate's consolidated …

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 abandons plans to buy Indian retailer amid challenges
2 years, 7 months ago

Reliance abandons plans to buy Indian retailer amid challenges

Al Jazeera  

Reliance’s decision to back out comes after almost two years of litigation as Amazon contested the takeover. In a filing Saturday, Reliance Industries Ltd. said its proposal to acquire certain assets of Mumbai-based Future Group — which ran the nation’s biggest retail grocery chain before the pandemic struck — “cannot be implemented” after its flagship firm Future Retail Ltd. failed …

'Dues of $634 million compelled' takeover of Future Retail, says Reliance
2 years, 8 months ago

'Dues of $634 million compelled' takeover of Future Retail, says Reliance

Hindustan Times  

India's top retailer, Reliance, has privately defended an abrupt takeover of the stores of debt-laden rival Future Retail, saying mounting dues of $634 million compelled it to act beyond expectations, a company letter shows. A woman wearing a Reliance JioMart vest instructs workers as they stock their products inside a Future Retail's closed Big Bazaar retail store in Mumbai. As …

Mukesh Ambani vs Amazon: How Reliance is winning game of thrones in Future retail dispute
2 years, 9 months ago

Mukesh Ambani vs Amazon: How Reliance is winning game of thrones in Future retail dispute

India Today  

Mukesh Ambani's Reliance Industries and US giant Amazon have been vying to get the upper hand in one of the world's fastest-growing retail markets, which is India. AMAZON-FUTURE DISPUTE AND RELIANCE In 2019, Amazon and Future, number two player in India behind market leader Reliance, became business partners when the US company invested $200 million in a unit of the …

Reliance takes control of around 200 Future Retail stores, offers jobs to employees
2 years, 9 months ago

Reliance takes control of around 200 Future Retail stores, offers jobs to employees

The Hindu  

Billionaire Mukesh Ambani's Reliance Industries Ltd. has taken over the operations of at least 200 stores of Future Retail and has offered jobs to its employees after the Kishore Biyani-led group failed to make lease payments to landlords, sources said on Saturday. Reliance Retail, the retail arm of the oil-to-telecom conglomerate, had in August 2020 agreed to take over the …

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 …

Mukesh Ambani talks of leadership transition
2 years, 11 months ago

Mukesh Ambani talks of leadership transition

The Hindu  

Richest Indian Mukesh Ambani on Tuesday mentioned about leadership transition at his energy-to-retail conglomerate, saying he wants the process to be accelerated with seniors, including him, yielding to the younger generation. Mr. Ambani, 64, who has previously not spoken about succession plans at the country's most valuable company, said Reliance is "now in the process of effecting a momentous leadership …

India’s Reliance: Mukesh Ambani is bringing 7-Eleven to the country
3 years, 2 months ago

India’s Reliance: Mukesh Ambani is bringing 7-Eleven to the country

CNN  

Hong Kong CNN Business — India’s richest man is bringing 7-Eleven to the country, adding the convenience store chain to a sprawling business empire that spans energy, chemicals, retail and telecommunications. Reliance Retail, the commerce arm of Mukesh Ambani’s conglomerate, announced Thursday that it will open India’s first 7-Eleven stores, just days after the quick-service chain lost its local partner. …

Jeff Bezos’s Amazon just won in a major battle with Mukesh Ambani’s Reliance
3 years, 4 months ago

Jeff Bezos’s Amazon just won in a major battle with Mukesh Ambani’s Reliance

CNN  

New Delhi CNN Business — India’s top court has handed Amazon a major victory in its fight with Reliance Industries for the country’s growing e-commerce market. On Friday, the Supreme Court of India ruled in favor of the American company’s efforts to stop its rival Reliance from buying Future Retail, a local, cash-strapped retailer. Future Group had raised questions about …

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 …

44th AGM of RIL: Reliance Industries' contribution to Indian economy remains unmatched, says Mukesh Ambani
3 years, 6 months ago

44th AGM of RIL: Reliance Industries' contribution to Indian economy remains unmatched, says Mukesh Ambani

Firstpost  

44th AGM of RIL: Reliance Industries raised $44.4 billion, the largest-ever capital raised by any company in a year globally, says Mukesh Ambani Reliance Industries Limited chairman Mukesh Ambani while addressing the 44th AGM of the company on Thursday said that even in a challenging environment, the company’s performance continued to be outstanding. As India’s largest enterprise, RIL’s contribution to …

RIL-Saudi Aramco deal to close this year: Ambani
3 years, 6 months ago

RIL-Saudi Aramco deal to close this year: Ambani

Live Mint  

Mumbai: Mukesh Ambani, chairman and managing director of Reliance Industries Ltd, on Thursday said he expects the company's deal with Saudi Aramco to materialise this year. Speaking at the company's annual general meeting, Ambani said "As an important part of this vision of achieving accelerated growth, we look forward to welcoming Saudi Aramco as a strategic partner in our O2C …

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 …

After record fund raising, Mukesh Ambani says Reliance now has strong balance sheet to support growth
3 years, 6 months ago

After record fund raising, Mukesh Ambani says Reliance now has strong balance sheet to support growth

India TV News  

After record fund raising, Reliance Industries Ltd now has a strong balance sheet with high liquidity that will support growth plans for its three hyper-growth engines, Jio, Retail and Oil-to-Chemicals, according to the firm's Chairman and Managing Director Mukesh Ambani. In the company's latest annual report released on Wednesday, he said the company sold minority stakes in Jio Platforms -- …

Reliance Retail 2nd fastest growing retailer in world
3 years, 7 months ago

Reliance Retail 2nd fastest growing retailer in world

The Hindu  

Billionaire Mukesh Ambani's Reliance Retail Ltd has been ranked second fastest growing retailer in the world in the 2021 ranking of global retail power houses by Deloitte, down from top rank secured the previous years. "The company is partnering with WhatsApp to further accelerate Reliance Retail's digital commerce business on the JioMart platform using WhatsApp and to support small businesses …

Reliance Future Group deal: Amazon gets Indian court to block $3.3 billion retail deal involving Mukesh Ambani
3 years, 10 months ago

Reliance Future Group deal: Amazon gets Indian court to block $3.3 billion retail deal involving Mukesh Ambani

CNN  

CNN Business — Amazon has been handed a major legal victory in its fight to block a multibillion-dollar deal between two of India’s biggest retailers. In August 2019, Amazon invested in a Future Group entity that gave it a roughly 4.8% stake in Future Retail as of September 30 last year, according to securities filings. Amazon argued that the 2019 …

Future Retail, Enterprises hit upper circuit after Sebi clears deal with RIL
3 years, 11 months ago

Future Retail, Enterprises hit upper circuit after Sebi clears deal with RIL

Hindustan Times  

Shares of Future Retail and Future Enterprises rose nearly 5 per cent and hit upper circuit limits after Sebi cleared Future Group's proposed multi-billion dollar deal with Reliance Industries Ltd. A shopper walks through an aisle displaying personal care goods at a Big Bazaar hypermarket, operated by Future Retail Ltd. in Mumbai On the BSE, Future Retail Ltd's shares hit …

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 …

Jeff Bezos vs Mukesh Ambani: A fight for retail dominance in India
4 years, 1 month ago

Jeff Bezos vs Mukesh Ambani: A fight for retail dominance in India

India Today  

The recent legal dispute over the Future deal seems to be setting the stage for a major fight between two of the richest men in the world for retail dominance in India. Earlier this year, Mukesh Ambani-owned Reliance Industries Limited announced that it had signed a deal with Kishore Biyani’s Future Group to acquire assets in its retail business for …

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 …

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, …

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