Major US e-commerce company Amazon has served the Future Group with legal notice for reaching an agreement with Reliance Industries (RIL), citing its non-compete agreement with the chain led by Kishore Biyani. According to the notice, the Future-RIL transaction cannot proceed without Amazon’s approval in view of the non-compete clause …
Read More »ADIA to invest 5,512 crore rupees for a 1.2% stake
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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