Written by Pranav Mukul, edited by Explained Desk | New Delhi | Updated: November 15, 2020 6:27:03 pm Reliance Retail also has the option to acquire the remaining stake, bringing its stake to 100% of UrbanLadder’s capital stock. (File photo / PTI) Reliance Industries Ltd’s subsidiary, Reliance Retail Ventures Ltd, …
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Reliance Retail Ventures Limited (RRVL), a subsidiary of Reliance Industries Ltd (RIL), has acquired shares in online furniture startup Urban Ladder Home Decor Solutions Pvt Ltd to ₹Rs 182.12 crore RRVL bought a 96% stake in Urban Ladder’s share capital and has an additional option to acquire the remaining stake, …
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Oil-to-telecommunications conglomerate Reliance Industries is constantly working to expand its presence in the retail sector. On Tuesday, the Abu Dhabi Investment Authority (ADIA) became the eighth investor in Reliance Retail Ventures, agreeing to choose 1.2 percent of the company’s share capital for Rs 5,512.5 million. ADIA joins the Silver Lake …
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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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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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Reliance Industries Ltd., owned by Indian billionaire Mukesh Ambani, is offering to sell an approximately $ 20 billion stake in its retail business to Amazon.com Inc., according to a person with knowledge of the matter. Amazon has held investment talks in the conglomerate’s Reliance Retail Ventures Ltd. unit and has …
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After Reliance Industries Ltd (RIL) raised a record ₹1.5 trillion from the sale of stakes in Jio Platforms Ltd (JPL), expectations have been high regarding the sale of stakes in the group’s retail company. “In our opinion, the share price (RIL) at the current level of ₹2,100 are likely to …
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