NEW DELHI: The market valuation of Dependency industries (RIL) reached another milestone on Thursday. The company became the first publicly traded Indian firm to exceed $ 200 billion in market capitalization or m-cap. The company’s shares rose 6.2 percent in midday trading in Mumbai after hitting an intraday record. The …
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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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KKR & Co. is in advanced talks to invest at least $ 1 billion in Indian billionaire Mukesh Ambani’s retail business, according to people familiar with the matter, in what could be another US investment in the unit following the Silver Lake deal. . KKR is in talks for a …
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(File photo) BENGALURU: Dependency industries Ltd said on Wednesday US private equity firm Silver Lake Partners It would buy a 1.75% stake in its retail arm for 7.5 billion rupees ($ 1.02 billion) as the Indian conglomerate strengthens its retail presence in the country. Trust, controlled by the richest man …
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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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Reliance Industries Ltd (RIL) has offered Jio Platforms’ 13 financial and strategic investors the option to invest in its Reliance Retail Ventures Ltd (RRVL) unit, two people familiar with the developments said. These investors include Facebook, Google, KKR, Silver Lake, and TPG. They helped RIL accumulate a total of ₹1.52 …
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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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MUMBAI: If Facebook and Google bought stakes in Jio Platforms Ltd, who would likely be a worthy suitor for Reliance Retail Ltd. A report in The Morning Context suggests that Walmart is the leading candidate. Whether this is true or not, Reliance Retail is clearly gearing up for a big …
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Reliance Retail Ventures Limited (RRVL), a subsidiary of Reliance Industries Ltd, owned by Mukesh Ambani, announced today that it is acquiring all of Future Group’s retail, wholesale, logistics and warehousing businesses as a going concern basis for full consideration. from Rs. 24,713 crore. While the long-awaited acquisition means the departure …
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New Delhi: In another highly successful deal, Mukesh Ambani’s Reliance Industries Ltd announced on Saturday the acquisition of Future Group businesses from Kishore Biyani to ₹24,713 crore to add to its rapidly expanding retail business and bolster e-commerce to face competition from Jeff Bezos’ Amazon. “Reliance Retail Ventures Ltd (RRVL), …
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