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 (ADIA).
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 (ADIA), taking the total fundraise to Rs 37,710 crore in less than four weeks.
Singapore investment company GIC will invest ₹5512.5 crore in Reliance Retail Ventures Limited (RRVL). The sixth and the latest investment in recent weeks comes -- in exchange for 1.22 percent stake values Reliance Retail Ventures at a pre-money equity value of ₹4.285 lakh crore.
Reliance Industries Limited and Reliance Retail Ventures Limited (RRVL) announced on Saturday that global investment firm TPG will invest Rs 1,837.5 crore into RRVL, a subsidiary of Reliance Industries. This investment values Reliance Retail at a pre-money equity value of Rs 4.285 lakh crore.
This marks the second significant investment by Mubadala in a RIL subsidiary after the USD 1.2 billion investment in Jio Platforms announced earlier this year.
General Atlantic, a leading US-based global growth equity firm, will invest Rs 3,675 crore for a 0.84 percent stake in Reliance Retail.
Reliance Industries on Wednesday said global investment firm KKR will invest Rs 5,550 crore in its subsidiary Reliance Retail Ventures Ltd (RRVL) to pick 1.28 per cent equity stake.
US private equity firm Silver Lake Partners has picked 1.75 per cent stake in Reliance Retail for Rs 7,500 crore, the Indian firm said in a statement on Wednesday. The investment values Reliance Retail at Rs 4.21 lakh crore.
Reliance Industries Limited's retail arm has acquired a majority equity stake in online e-pharma company Netmeds for about Rs 620 crore. Foraying into the e-pharma business, Mukesh Ambani-led company will now take on Amazon which entered the market last week.
Reliance Retail Ventures Limited (RRVL), a subsidiary of Reliance Industries (RIL), has acquired 100 per cent stake in Tamil Nadu-based Shri Kannan Departmental Store Private Limited for Rs 152.5 crore.
Mukesh Ambani's Reliance Retail Ltd (the retail arm of Reliance Industries Ltd) has begun sending invites for launch of JioMart, its new commerce venture. With JioMart, billionaire Mukesh Ambani aims to take on e-commerce giants Amazon and Flipkart.
Reliance Retail has rolled out an online store that offers competitive prices on range of electronics.
New Delhi: Reliance Retail's fourth Lyf-branded smartphone, the Flame 1, has been launched at a priced at Rs 6,490. The Lyf Flame 1 is now listed on the company's online store, the Reliance Digital but
Mumbai, Jun 6: Aiming to make consumer business a growth engine for Reliance Industries, its Chairman Mukesh Ambani today said the group's retail venture is eyeing 50 per cent growth in annual revenues so as
New Delhi, July 4: Reliance Industries Ltd (RIL) firm, Reliance Retail is making a top management rejig in its value format and will soon announce appointment of two ex-Walmart executives Rob Cissell and Shawn Gray
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