Reliance Industries announced today that Silver Lake will invest ₹ 7,500 crore in Reliance Retail Ventures Limited (RRVL), a subsidiary of Reliance Industries. This investment values RRVL at a pre-money equity value of ₹ 4.21 crore lakh. Silver Lake’s investment will result in a 1.75% equity interest in RRVL on …
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New Delhi: After building a ‘digital layer’ (Jio Platforms) on top of the existing ‘physical layer’ of retail stores, Reliance Industries would focus for the next four years on adding a third ‘commerce layer’ and monetizing existing investments, BofA Securities said. RIL is also looking to leverage users’ fingerprint and …
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Private equity firm Silver Lake Partners is in talks to invest $ 1 billion in the retail arm of Reliance Industries Ltd of India (RELI.NS), the Financial Times reported Thursday, citing people with direct knowledge of the matter. The investment, which would value Reliance Retail at about $ 57 billion, …
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Private equity firm Silver Lake Partners is in talks to invest $ 1 billion in the retail arm of Reliance Industries Ltd, the Financial Times reported Thursday, citing people with direct knowledge of the matter. The investment, which would value Reliance Retail at about $ 57 billion, comes as the …
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NEW DELHI: Bharti Airtel could be forced to respond with price cuts on its fixed line broadband plans that are currently uncompetitive and charge up to a 15% premium to Reliance Jio’s new JioFiber plans, analysts said. JioFiber launched new rate plans on Monday with the cheapest starting at Rs …
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Reliance Jio announced on Monday new plans for JioFiber broadband starting at a monthly price of Rs 399 with no data usage limit. Under the new plans, the Netflix entertainment app is added to the bundle of bundled apps for customers who subscribe to mid-range plans. It is by far …
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The acquisition will also help Reliance expand its leadership over its competitors. Reliance Industries’ $ 3.38 billion deal to acquire Future Group’s retail business presents the conglomerate as an even more formidable force in India, making its retail arm more attractive to potential investors it seeks to attract. The oil-to-telecommunications …
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Reliance Jio announced rate plans for its JioFiber internet broadband service on Monday. The Mukesh Ambani-owned company said it was offering its fiber-to-the-home (FTTH) broadband service at no cost for a 30-day trial. Called ‘NAYE INDIA KA NAYA JOSH’, broadband plans start at Rs 399 for a month with unlimited …
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Mumbai: Future Group’s lenders have been spared a $ 2.2 billion impact on their conglomerate exposure after the company announced the sale of all of its businesses to Reliance Industries (RIL) for ₹24,713 crore on Saturday. Publish the agreement Reliance Retail Ventures (RRVL) of Mukesh Ambani will have a 13.14% …
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Reliance Retail currently operates about 11,784 stores nationwide. The agreement is positive for all shareholders of all branches of Future Group, except Future Enterprises. News18.com Last update: August 30, 2020 8:38 AM M. IST FOLLOW US: Reliance Retail Ventures (RRVL), a subsidiary of Reliance Industries, said on Saturday that it …
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