Reliance Retail

Reliance Retail News

Nykaa, Reliance Retail, Aditya Birla Fashion in race to buy promoter stake in TCNS: Report
Business

Nykaa, Reliance Retail, Aditya Birla Fashion in race to buy promoter stake in TCNS: Report

However, TCNS broke its silence on the news of the stake sale and said that it does not have any information with respect to the appointment of any investment bank by its promoters in relation to the sale of a stake of the company, and the company does not comment on any market speculation

Reliance Retail names Hardik Pandya brand ambassador for their new athleisure brand Xlerate
Sports

Reliance Retail names Hardik Pandya brand ambassador for their new athleisure brand Xlerate

Hardik Pandya signifies style, youth appeal, and a never-give-up attitude – qualities that define the athleisure brand Xlerate.

Reliance introduces fashion and lifestyle chain Reliance Centro
Business

Reliance introduces fashion and lifestyle chain Reliance Centro

It aims to connect consumers in India in categories ranging from apparels, footwear, cosmetics, lingerie, sportswear to luggage and accessories with over 300 Indian and international brands, according to the a company statement

Reliance Retail in talks to acquire Sephora's India rights, says report
Business

Reliance Retail in talks to acquire Sephora's India rights, says report

Sephora currently has 25 stores in 13 Indian cities, as per a filing by Arvind Fashions. The French multi-brand beauty products chain is owned by luxury brand LVMH Moët Hennessy Louis Vuitton

Reliance Retail seeks to double borrowing cap to Rs 1 lakh crore: Report
Business

Reliance Retail seeks to double borrowing cap to Rs 1 lakh crore: Report

Reliance Retail will seek approval from its shareholders to double the borrowing cap in its upcoming annual general meeting. The increase will allow it to raise up to Rs 60,000 crore as debt.

Reliance Retail to launch FMCG business this year
Business

Reliance Retail to launch FMCG business this year

The objective of this business will be to develop and deliver products and solve every Indian's daily needs, with high quality products at affordable pricing, Isha Ambani said while addressing Reliance Industries' annual general meeting

Reliance Retail boosts its 'Handmade in India' programme, to launch dedicated artisan-only stores
Business

Reliance Retail boosts its 'Handmade in India' programme, to launch dedicated artisan-only stores

The first Swadesh store is expected to open in the second half of the current year and will house a wide range of products including handmade textiles, handicrafts, agriculture products and other artisanal merchandise sourced directly from artisans

Reliance Retail buys 54% stake in robotics firm Addverb Technologies for Rs 983 crore
Business

Reliance Retail buys 54% stake in robotics firm Addverb Technologies for Rs 983 crore

Addverb Technologies co-founder and CEO Sangeet Kumar told PTI that the company will continue to operate independently and will use the funds received from Reliance to expand business overseas as well as set up one of the biggest robotic manufacturing facilities in Noida

Reliance Retail to launch 7-Eleven convenience stores in India
Business

Reliance Retail to launch 7-Eleven convenience stores in India

The first 7-Eleven convenience store will open in Andheri East, Mumbai, on 9 October

44th AGM of RIL: Reliance Industries' contribution to Indian economy remains unmatched, says Mukesh Ambani
Business

44th AGM of RIL: Reliance Industries' contribution to Indian economy remains unmatched, says Mukesh Ambani

44th AGM of RIL: Reliance Industries raised $44.4 billion, the largest-ever capital raised by any company in a year globally, says Mukesh Ambani

Reliance Retail, Future Group's Rs 24,000 crore deal cleared by market regulator SEBI
Business

Reliance Retail, Future Group's Rs 24,000 crore deal cleared by market regulator SEBI

The SEBI, in its letter of approval, listed a number of conditions in accordance to the Composite Scheme of Arrangement. The regulatory body has also referred to the apprehensions raised by Amazon.

Reliance Retail plans to use kirana stores for delivery of non-perishable items ordered on JioMart
Business

Reliance Retail plans to use kirana stores for delivery of non-perishable items ordered on JioMart

The kiranas will source goods from the retail giant or elsewhere in case it is not available with Reliance Retail.

As deal with Reliance stalls, it’s Future Imperfect for Big Bazaar owner
Business

As deal with Reliance stalls, it’s Future Imperfect for Big Bazaar owner

Amazon, which cannot itself acquire Future, tries to block the Future-Reliance transaction, putting livelihoods, lenders and vendors at risk.

GIC and TPG pick up stake in Mukesh Ambani's Reliance Retail; to invest combined Rs 7,350 cr
Business

GIC and TPG pick up stake in Mukesh Ambani's Reliance Retail; to invest combined Rs 7,350 cr

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

Silver Lake's co-investors to add another Rs 1,875 crore investment in Reliance Retail
Business

Silver Lake's co-investors to add another Rs 1,875 crore investment in Reliance Retail

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

Mubadala buys 1.4% of Reliance Retail; Abu Dhabi-based company to invest Rs 6,247.5 cr in RIL unit
India

Mubadala buys 1.4% of Reliance Retail; Abu Dhabi-based company to invest Rs 6,247.5 cr in RIL unit

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

General Atlantic to invest Rs 3,675 crore in Reliance Retail for 0.84 percent stake
Business

General Atlantic to invest Rs 3,675 crore in Reliance Retail for 0.84 percent stake

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

US investment firm KKR to invest Rs 5,500 crore for 1.28% stake in Reliance Industries retail unit
Business

US investment firm KKR to invest Rs 5,500 crore for 1.28% stake in Reliance Industries retail unit

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
Business

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.