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 large investments to acquire synergistic opportunities across businesses to deploy its large cash balance and incremental free cash flow. On 9 September, Reliance Industries’ retail arm, Reliance Retail Ventures Ltd, sold a 1.75% stake for ₹7,500 crore to private equity firm Silver Lake Partners. “We expect Reliance Industries to increase its investments in supply chain and tech-enabled logistics so as to improve last-mile customer experience,” the report said, adding that RIL would likely have the JioMart app inside WhatsApp.

Business India Retail Reliance Industries Reliance Industries Reliance Retail Stake Sales  reliance  plan  retail  sales  help  stake  industries  debt  fund  likely  past  business  growth  digital  businesses

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 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 …

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 Retail enters into joint venture for toy manufacturing with Haryana-based firm
1 year, 8 months ago

Reliance Retail enters into joint venture for toy manufacturing with Haryana-based firm

India TV News  

New Delhi: Reliance Retail on Sunday announced that it has entered into a joint venture with a Haryana-based firm for local manufacturing of toys to meet the growing demand. Notably, Reliance Retail owns iconic British toy brand Hamleys and home-grown toy brand Rowan. "We also had a JV with Circle E retail for toy manufacturing for vertical integration for our …

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 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 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 …

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 …

'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 …

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 …

Reliance posts best quarterly performance, net profit at Rs 18,549 cr in Q3
2 years, 11 months ago

Reliance posts best quarterly performance, net profit at Rs 18,549 cr in Q3

India TV News  

Billionaire Mukesh Ambani's Reliance Industries Ltd on Friday reported its best-ever quarterly performance in October-December 2021, helped by an uptick in two 'Rs' -- refining and retail, a recent tariff hike accelerating growth at Jio and a one-off gain from the sale of US shale gas business. The oil-to-retail-to-telecom conglomerate's consolidated net profit rose 35.6 per cent sequentially and 41.5 …

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 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 …

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 …

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 …

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 …

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 …

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 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 …

The reality behind Reliance’s retail rush
4 years, 2 months ago

The reality behind Reliance’s retail rush

Live Mint  

Last month, Nimit Jain, an entrepreneur, ordered biscuits, shampoo, toothpaste and other items for his family in Kota. But Mint learns that Reliance is sourcing a majority of orders on JioMart in many cities through Reliance Retail’s supply chain; only a small number of orders are served through kirana stores. People familiar with Reliance’s plans said that the company wants …

KKR picks up 1.28% stake in Reliance Retail for ₹5,550 cr
4 years, 3 months ago

KKR picks up 1.28% stake in Reliance Retail for ₹5,550 cr

Live Mint  

Mukesh Ambani’s fundraising spree shows no signs of slowing. On Wednesday, Reliance Industries Ltd said it has raised ₹5,550 crore by selling a 1.28% stake in its retail business to US private equity firm KKR and Co., as India’s most valuable company creates a war chest for its push into e-commerce. Sarvesh Kumar Sharma/Mint “We look forward to working with …

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 …

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 …

KKR to invest ₹5,500 crore in Reliance Retail Ventures for 1.28% stake
4 years, 3 months ago

KKR to invest ₹5,500 crore in Reliance Retail Ventures for 1.28% stake

The Hindu  

September 23, 2020 08:56 am | Updated 09:25 am IST - MUMBAI Investment firm KKR has decided to invest ₹5,550 crore in Reliance Retail Ventures Ltd, a subsidiary of Reliance Industries Ltd, for a 1.28% stake, RIL said in a filing with stock exchanges. Reliance Retail Ltd, a subsidiary of RRVL, operates India’s largest, fastest growing retail business serving close …

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 …

Reliance's Acquisition of Future Group to Strengthen Its Retail Footprint: Moody's
4 years, 3 months ago

Reliance's Acquisition of Future Group to Strengthen Its Retail Footprint: Moody's

News 18  

Reliance Industries Ltd's acquisition of Future Group's consumer business will strengthen the retail footprint of India's largest organised retailer, Moody's Investors Service said on Wednesday. Moody's said despite a price tag of around USD 3.3 billion, the cost of the acquisition remains small relative toRIL's total assets of around USD 155 billion and consolidated EBITDA of USD 12.8 billion for …

Reliance Almost Doubles Retail Footprint with Acquisition of Future Group
4 years, 3 months ago

Reliance Almost Doubles Retail Footprint with Acquisition of Future Group

News 18  

Reliance Industries Ltd's acquisition of debt-strapped Future Group will almost double the footprint of its retail business, which now is valued at up to USD 68 billion, analysts said. The deal increases the retail store footprint of Reliance Retail Ltd, a unit of RIL, from current 28.7 million square feet to 52.5 million sq ft, consolidating its pole position, analysts …

Discover Related