The investments value Reliance Retail at a pre-money equity value of Rs 4.285 lakh crore. In less than three days, Reliance Industries has entered into five deals to sell stake in RRVL
Earlier on 30 September, private equity firm General Atlantic said it will invest Rs 3,675 crore in Reliance Retail in exchange for a 0.84 percent stake
In June, Mubadala invested Rs 9,093 crore in Jio Platforms, the digital services division of Reliance Industries. Several of the overseas investors in Jio have now turned their attention to Reliance Retail
The investment values Reliance Retail at a pre-money equity value of Rs 4.28 lakh crore, which is more than the previous two deals done at a valuation of Rs 4.21 lakh crore
The latest investment by KKR, which has a long history of building leading global enterprises, in Reliance Retail underscores its clear belief that the RIL unit is set to lead a disruptive, technology-led transformation of Indian retail sector particularly relevant in the post-pandemic India.
Silver Lake to invest Rs 7,500 cr in Reliance Retail for 1.75% stake; private equity firm holds 2.08% in Jio Platforms
With this deal, Jio Platforms and Reliance Retail now account for over Rs 9 lakh crore of RIL's valuation.
RIL AGM 2020: Reliance Retail at forefront of bringing about Organised Retail Revolution in India, says Mukesh Ambani
The company is also partnering with farmers, small and medium-scale manufacturers, merchants, vendors, start-ups and global companies.
More than two-thirds of Reliance Retail's nearly 12,000 stores are operated in Tier II, Tier III and Tier IV towns.
RIL AGM 2020: Google to pick up 7.7% stake in Jio; Saudi Aramco deal on hold due to pandemic, says Mukesh Ambani
With Google coming on board, Reliance has completed its target of capital raising for Jio Platforms, Ambani said.
Silver Lake invests an additional Rs 4,546-cr in Jio Platforms, raises stake in Reliance Industries' digital arm to 2.08 percent
The deal adds to a pile of funds raised by Jio in recent months and comes close on the heels of Abu Dhabi sovereign fund Mubadala Investment Company injecting Rs 9,093.6 crore on 4 June.
Reliance Industries launches JioMart service across cities after conducting pilot runs in Maharashtra
JioMart is an online destination for grocery shopping that it is powered by Reliance Retail's Smart and Fresh stores
Jio Platforms attracting funds from Facebook, Silver Lake, Vista Equity, highlight Mukesh Ambani's digital-era venture capitalist avatar
In the new normal for Reliance Industries Limited, investors in Jio Platforms like Silver Lake and Vista Equity are more like knowledge and network partners.
Facebook's Rs 43,574 crore-investment in Jio Platforms earned accolades from industry leaders on Wednesday, even as some internet activists raised privacy concerns
Facebook buys 9.9% stake in Reliance Jio: Why it is a win-win deal for both; key highlights of $5.7 billion deal
Facebook makes the largest investment for a minority stake by a technology company anywhere in the world and the largest FDI in the technology sector in India, Reliance Industries Limited (RIL) said in a statement.
Reliance Foundation's 'Mission Anna Seva' biggest free meal programme run by any corporate: Nita Ambani
Reliance Foundation's ''Mission Anna Seva'' that aims to provide over 3 crore meals to marginalised communities and frontline workers facing hardships during the lockdown, is the largest free meal programme by any corporate foundation globally, its chairperson Nita Ambani said
Reliance Industries arm RRVL acquires Shri Kannan Departmental Store for Rs 152 cr; to strengthen group's retail operations
Reliance Retail Ventures will acquire 7.86 lakh equity shares representing 100 percent of SKDS equity share capital.
Mukesh Ambani's Reliance Retail valued at $34 bn in new share-swap scheme; bigger than UK's supermarket chain, Tesco
The valuation of Reliance Retail, which is also the top wholesale supplier to small shopkeepers, is double that of Avenue Supermarts Ltd, which runs India's biggest supermarket chain. Tesco is valued at $32 billion
Reliance Foundation collects record 78 tonnes of waste plastic bottles for recycling; to be made into value-added fibres
The Foundation's drive was made possible by mobilising over three lakh employees, their family members and partners of RIL and its allied businesses like Jio and Reliance Retail across their several locations in India.
Reliance Industries Q2 net profit jumps 18% to record Rs 11,262 cr on turnaround in refining margins
Oil to telecom conglomerate, Reliance Industries on Friday reported an 18.3 percent rise in consolidated net profit to a record Rs 11,262 crore for the second quarter of the current fiscal on the back of a turnaround in refining margins and continued rise in consumer businesses of retail and telecom
Amazon in talks to buy 26% in Reliance Retail amid e-commerce firm's bid for foray into online food delivery business
Talks began after Reliance’s negotiations with China’s Alibaba Group to sell a stake in the retail entity fell through due to differences overvaluation.