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 on our journey to transform Indian Retail for the benefit of all Indians. "Silver Lake’s additional investment is a strong endorsement of the tremendous potential of Indian Retail and the capabilities of Reliance Retail," said Ambani. Other than Reliance Retail Ventures Limited, Silver Lake has previously partnered with companies including Airbnb, Alibaba, Alphabet’s Verily and Waymo units, Dell Technologies, Twitter and more.

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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 …

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, 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 …

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 …

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 …

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 …

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, …

Reliance Retail-General Atlantic Deal: All You Need to Know About the $498.31 Million Investment
4 years, 2 months ago

Reliance Retail-General Atlantic Deal: All You Need to Know About the $498.31 Million Investment

News 18  

Reliance Industries Ltd said on Wednesday private equity firm General Atlantic will invest 36.75 billion rupees for a 0.84% stake in its retail arm, sending shares of the country’s most valuable company up as much as 1%. Here’s all you need to know: – The investment gives Reliance Retail a pre-money valuation of 4.29 trillion rupees – Chairman Mukesh Ambani …

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 …

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 …

News18 Afternoon Digest: IMD Warns of Flooding in Mumbai, Reliance Retail Closes Another Deal and Other Top Stories
4 years, 3 months ago

News18 Afternoon Digest: IMD Warns of Flooding in Mumbai, Reliance Retail Closes Another Deal and Other Top Stories

News 18  

IMD Warns of Flooding in Mumbai as Intense Rainfall Leads to Waterlogging, Trains Cancelled Mumbai received one of the heaviest showers in the last 24 hours of this monsoon season and more rainfall is likely in the city and suburbs today, the Met Department has said. The Santacruz observatory received 286.4 mm showers during the 24-hour period ending at 8:30 …

Reliance may use stake sales to help fund growth plan
4 years, 3 months ago

Reliance may use stake sales to help fund growth plan

Live Mint  

Reliance Industries Ltd, which has raised more than ₹2.2 trillion through stake sales, is likely to go on a shopping spree as the coronavirus pandemic has clouded the prospects of cash-strapped businesses, making them takeover targets, said three people aware of the company’s plans. Kotak Institutional Equities, in a 9 September report, said that Reliance Industries is likely to make …

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 …

Reliance Industries shares extend rally, jump nearly 3%
4 years, 3 months ago

Reliance Industries shares extend rally, jump nearly 3%

India TV News  

Shares of Reliance Industries continued to rally on Thursday, gaining nearly 3 per cent, on US private equity firm Silver Lake Partners’ 1.75 per cent stake-buying plan in the firm’s retail arm for Rs 7,500 crore. The market heavyweight stock jumped 2.84 per cent to a record high of Rs 2,222.65 on the BSE. Silver Lake will invest Rs 7,500 …

After Jio, Reliance Retail is on investors’ shopping list
4 years, 3 months ago

After Jio, Reliance Retail is on investors’ shopping list

Live Mint  

Reliance Retail Ventures Ltd, which raised $1 billion from Silver Lake Partners on Wednesday, is set to draw additional investments worth $5 billion from KKR and Co., Mubadala Investment Co. and Abu Dhabi Investment Authority, two people directly aware of the negotiations said. California-based private equity fund Silver Lake, an investor in Reliance Industries Ltd’s Jio Platforms unit, picked up …

Reliance approaches its digital investors over buying stakes in retail arm
4 years, 3 months ago

Reliance approaches its digital investors over buying stakes in retail arm

India Today  

India's Reliance Industries Ltd has approached investors in its digital business about potentially buying stakes in its retail arm, two sources with direct knowledge of the matter said on Thursday. The oil-to-telecoms conglomerate is looking to attract more investors to Reliance Retail as the business expands rapidly online to take on the likes of Walmart Inc's Flipkart and Amazon.com Inc's …

The juggernaut that is Reliance Retail rolls on
4 years, 3 months ago

The juggernaut that is Reliance Retail rolls on

Live Mint  

It has turned into a virtual stampede, the rush to invest in a Reliance business of the future, as the company’s chairman and managing director Mukesh Ambani goes about retiring its debt and opening its subsidiaries up further to global equity participation. Early Wednesday, Reliance announced that American private equity firm Silver Lake Partners, which had earlier taken a sliver …

Silver Lake picks 1.75 per cent stake in Reliance Retail for Rs 7,500 cr
4 years, 3 months ago

Silver Lake picks 1.75 per cent stake in Reliance Retail for Rs 7,500 cr

India TV News  

US private equity firm Silver Lake Partners has picked a 1.75 per cent stake in Reliance Retail for Rs 7,500 crore, the Indian firm said in a statement on Wednesday. The world's largest tech investor had previously invested in billionaire Mukesh Ambani's digital unit, Jio Platforms Ltd. Reliance Retail Limited, a subsidiary of RRVL, operates India's largest, fastest-growing and most …

Silver Lake picks 1.75% stake in Reliance Retail for ₹7,500 cr
4 years, 3 months ago

Silver Lake picks 1.75% stake in Reliance Retail for ₹7,500 cr

The Hindu  

Silver Lake Partners, a global major in large scale technology investment, has decided to invest ₹7500 crore in Reliance Retail Ventures Ltd, a subsidy of Reliance Industries Ltd to pick up 1.75% stake on a fully diluted basis. This marks the second billion dollar investment by Silver Lake in a Reliance Industries subsidiary after the $1.35 billion investment in Jio …

Silver Lake Invests In Reliance Retail: Everything You Should Know About The Investment Firm
4 years, 3 months ago

Silver Lake Invests In Reliance Retail: Everything You Should Know About The Investment Firm

News 18  

Reliance Industries has announced that Silver Lake will make another investment, this time in Reliance Retail Ventures Limited. This comes after Silver Lake invested in Reliance Jio Platforms over the summer, with the total investments pegged at $1.35 billion, for which it now has a 2.08 percent stake in Jio?s technology project. Earlier, Silver Lake announced a partnership with social …

Silver Lake to invest ₹ 7,500 crore in Reliance Retail Ventures
4 years, 3 months ago

Silver Lake to invest ₹ 7,500 crore in Reliance Retail Ventures

Live Mint  

Reliance Industries today announced that Silver Lake will invest ₹ 7,500 crore in Reliance Retail Ventures Limited, a subsidiary of Reliance Industries. This marks the second billion dollar investment by Silver Lake in a Reliance Industries subsidiary after the $1.35 billion investment in Jio Platforms announced earlier this year. Reliance Retail Limited, a subsidiary of RRVL, operates India's largest and …

Private Equity Firm Silver Lake Eyes $1 Billion Stake in Reliance Retail: Report
4 years, 3 months ago

Private Equity Firm Silver Lake Eyes $1 Billion Stake in Reliance Retail: Report

News 18  

New Delhi: US private equity firm Silver Lake Partners is said to be in talks to invest $1 billion in the retail arm of Reliance Industries at a valuation of roughly $57 billion. "Silver Lake is in talks to invest about $1 billion in Mukesh Ambani's Reliance Retail," it said, citing sources. Silver Lake was the first US private equity …

RIL AGM 2020: Reliance Retail at forefront of bringing about Organised Retail Revolution in India, says Mukesh Ambani
4 years, 5 months ago

RIL AGM 2020: Reliance Retail at forefront of bringing about Organised Retail Revolution in India, says Mukesh Ambani

Firstpost  

The company is also partnering with farmers, small and medium-scale manufacturers, merchants, vendors, start-ups and global companies. Addressing the company’s 43rd Annual General Meeting on Wednesday, Reliance Industries Chairman and Managing Director Mukesh Ambani said Reliance Retail is India’s largest, most profitable retail business and is the fastest-growing retailer in the world. “Reliance Retail is the only Indian retailer to …

RIL AGM 2020: JioMart has been successfully piloted with kirana partners, says Mukesh Ambani
4 years, 5 months ago

RIL AGM 2020: JioMart has been successfully piloted with kirana partners, says Mukesh Ambani

Firstpost  

More than two-thirds of Reliance Retail’s nearly 12,000 stores are operated in Tier II, Tier III and Tier IV towns. Mumbai: Reliance Industries Limited chairman Mukesh Ambani on Wednesday said his group’s retail venture has received strong interest from strategic and financial investors. “We will induct global partners and investors in Reliance Retail in the next few quarters,” he said …

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