Reliance Industries forged a $ 3.38 billion deal in August to acquire the retail business of rival Future Group Reliance Industries, the oil-to-telecoms conglomerate led by billionaire Mukesh Ambani, said on Saturday that Singapore’s sovereign wealth fund GIC and global private equity firm TPG Capital invested a total of 7,350 …
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After acquiring the retail assets of the Future group and obtaining extensive investments, Mukesh Ambani’s Reliance Retail is now the most powerful organized retail player in India. However, a Commercial standard The report said that DMart founder Radhakishan Damani is also preparing to defend his retail territory. The Damani retail …
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Reliance Industries said in a regulatory filing that the investment by GIC and TPG will result in a 1.22% equity interest and 0.41% equity interest in RRVL, respectively, on a fully diluted basis. Reliance Industries Limited (Reliance Industries) and Reliance Retail Ventures Limited (RRVL) announced today that GIC will invest …
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Indian markets soared more than 1 percent on Thursday, supported by favorable global signals. Among the major indices, the S&P BSE Sensex rose 600 points to 38,680 levels, and the Nifty50 index surpassed the 11,400 mark. Bajaj Auto and IndusInd Bank (up 5%) were the top winners for Sensex, followed …
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Private equity firm General Atlantic will invest ₹Rs 3,675 crore in Reliance Retail Ventures Ltd, the third major investment in the company’s most valuable retail unit in India in three weeks. General Atlantic will collect a 0.84% stake, valuing the retail arm of Reliance Industries Ltd at an equity value …
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Photo: Kamlesh Pednekar Indian markets were trading more than half a percent higher in Wednesday’s volatile session, driven mainly by consumer goods and pharmaceuticals stocks. Among the major indices, the S&P BSE Sensex was trading around 38,210 levels, up 210 points, and the Nifty50 index was testing the 11,300 mark. …
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Reliance Industries, led by billionaire Mukesh Ambani, said on Wednesday that the US-based General Atlantic will invest 3,675 crore for a 0.84 percent stake in its retail arm, Reliance Retail Ventures. The deal gives Reliance Retail a pre-money valuation of Rs 4.29 lakh crore, Reliance Industries said in a regulatory …
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The trend among the Nifty sector indices was largely negative, led by the Nifty PSU Bank index, which was down more than 2%. The benchmark indices ended Tuesday’s volatile session on a flat note with a negative bias. The S&P BSE Sensex ended at 37,973 levels, down 8 points or …
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Reliance Industries Ltd, led by Mukesh Ambani, said on Saturday that it has received ₹7,500 crore from Silver Lake Partners. The California-based private equity firm previously acquired a 1.75% stake in Reliance’s retail arm. On September 9, Reliance Industries announced that Silver Lake would invest ₹7.5 billion rupees in its …
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Indian stock markets rose half a percent on Wednesday, driven primarily by gains in information technology (IT) and auto stocks. The S&P BSE Sensex rose 250 points to 37,960 levels and the Nity50 index hovered around the 11,250 mark. Reliance Industries gained 2 percent after the company announced that KKR …
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