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
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
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
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.
The kiranas will source goods from the retail giant or elsewhere in case it is not available with Reliance Retail.
Amazon, which cannot itself acquire Future, tries to block the Future-Reliance transaction, putting livelihoods, lenders and vendors at risk.
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