Mukesh Ambani, Chairman of Reliance Industries Limited, remains the richest Indian for the thirteenth year in a row. Forbes released Thursday 2020’s list of the 100 richest Indians. In the midst of the coronavirus pandemic that hit India hard, half of the nation’s 100 richest people on the Forbes India …
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Reliance Industries Ltd, led by Mukesh Ambani, said Tuesday that a subsidiary of the Abu Dhabi Investment Authority (ADIA) will invest ₹Rs 5,512.50 crore for a 1.2% stake in its retail arm. “This investment values Reliance Retail Ventures Ltd (RRVL) at a pre-money equity value of ₹ 4,285 million lakh …
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Reliance Industries Ltd (RIL) Chairman Mukesh Ambani said on Monday that data is a vital national resource that will act as a raw material for development powered by artificial intelligence (AI). He said that India will have an advantage over its peers in the future due to its huge digital …
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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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Abu Dhabi-based sovereign wealth fund Mubadala acquired a 1.4% stake in Reliance Retail Ventures (RRVL), a subsidiary of Reliance Industries Limited, for ₹6,247.5 million rupees, the company said in a statement. The investment values Reliance Retail at a pre-money equity value of ₹ 4,285 million lakh rupees. “Mubadala’s investment will …
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NEW DELHI / DUBAI: Abu Dhabi State Fund Mubadala Investment Co is in advanced talks invest up to $ 1 billion in the retail division of Reliance Industries Ltd of India, two sources told Reuters, as investor interest in the Indian company increases. Reliance Retail is on a fundraising spree …
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NEW DELHI / DUBAI: Abu Dhabi state fund Mubadala Investment Co is in advanced talks to invest up to $ 1 billion in the retail arm of Reliance Industries Ltd of India, two sources told Reuters, as interest from investors rises. investors in the Indian company. Reliance Retail is on …
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By: Express Web Desk | New Delhi | Updated: September 29, 2020 8:45:23 pm Mukesh Ambani, President and Managing Director of Reliance Industries. (Source: Reuters) Mukesh Ambani has earned Rs 90 crore an hour since the coronavirus shutdown in March, thus retaining his position as the richest Indian for the …
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