Reliance Industries and Reliance Retail Ventures have announced that The Public Investment Fund (PIF) will invest ₹ 9,555 crore for an equity stake of 2.04% into RRVL, a subsidiary of Reliance Industries. This investment values RRVL at a pre-money equity value of ₹ 4.587 lakh crore. This investment will further strengthen PIF’s presence in India’s…
Mukesh Ambani’s Reliance Industries Limited will roll back salary cuts for the employees of its hydrocarbons division, according to the PTI report. In addition to this, the company will pay a performance bonus to its employees that had been deferred due to the pandemic. The firm is also offering an advance 30 percent of the…
Reliance Industries Limited (RIL) and Reliance Retail Ventures Limited (RRVL) announced that a wholly owned subsidiary of the Abu Dhabi Investment Authority (ADIA) will invest ₹ 5,512.50 crore into RRVL, a subsidiary of Reliance Industries. This investment values RRVL at a pre-money equity value of ₹ 4.285 lakh crore. ADIA’s investment will translate into a…
Reliance Industries Limited (RIL) and Reliance Retail Ventures Limited (RRVL) announced that GIC will invest ₹ 5,512.5 crore into RRVL, a subsidiary of Reliance Industries. This investment values RRVL at a pre-money equity value of ₹ 4.285 lakh crore. GIC’s investment will translate into a 1.22% equity stake in RRVL on a fully diluted basis.…
Reliance Industries Limited and Reliance Retail Ventures Limited (RRVL) announced that global investment firm TPG will invest ₹ 1,837.5 crore into RRVL, a subsidiary of Reliance Industries. TPG’s investment will translate into a 0.41% equity stake in RRVL on a fully diluted basis. This marks the second investment by TPG in a subsidiary of Reliance…
Global investment firm Silver Lake Partners to invest an additional Rs 1,875 crore in Reliance Retail Ventures, the retail arm of Reliance Industries Ltd (RIL), the company said in a press statement. “Reliance Industries Limited (‘Reliance Industries’) and Reliance Retail Ventures Limited (‘RRVL’) announced today that co-investors of Silver Lake will invest an additional Rs…
Reliance Industries Limited and Reliance Retail Ventures Limited (RRVL) announced that General Atlantic, a leading global growth equity firm, will invest ₹ 3,675 crore into RRVL, a subsidiary of Reliance Industries. This investment values Reliance Retail at a pre-money equity value of ₹ 4.285 lakh crore. General Atlantic’s investment will translate into a 0.84% equity…
Reliance Industries Limited and Reliance Retail Ventures Limited (RRVL) announced that global investment firm KKR will invest ₹ 5,550 crore into RRVL, a subsidiary of Reliance Industries. This investment values Reliance Retail at a pre-money equity value of ₹ 4.21 lakh crore. KKR’s investment will translate into a 1.28% equity stake in RRVL on a…
Reliance Industries Limited and Reliance Retail Ventures Limited (RRVL) announced that Silver Lake will invest ₹ 7,500 crore into RRVL, a subsidiary of Reliance Industries. This investment values RRVL at a pre-money equity value of ₹ 4.21 lakh crore. Silver Lake’s investment will translate into a 1.75% equity stake in RRVL on a fully diluted…
British Columbia Investment Management Corporation, alongside Brookfield Infrastructure Partners L.P. and its institutional partners, announced that they have acquired a 100 per cent stake in a telecom tower company in India from Reliance Industrial Investments and Holdings Limited, a wholly-owned subsidiary of Reliance Industries Limited. The total equity commitment for the transaction is approximately $3.4…
Reliance Industries Limited announced that its subsidiary Reliance Retail Ventures Limited (RRVL) has acquired a majority equity stake in Vitalic Health Pvt. Ltd. (Vitalic) and its subsidiaries (Collectively known as ‘Netmeds’) for a cash consideration of approximately Rs 620 crores. This investment represents ~60% holding in the equity share capital of Vitalic and 100% direct…
Billionaire Mukesh Ambani-led Reliance Industries is reportedly in talks to acquire online furniture marketplace Urban Ladder and daily milk delivery service Milkbasket in an attempt to get a hold of the e-commerce business. According to a report by the Times Of India, the Indian conglomerate is in an advanced stage of talking with Urban Ladder…
Reliance Industries Limited, Jio Platforms Limited and Google LLC announced the signing of binding agreements for an investment of ₹ 33,737 crore by Google into Jio Platforms. This investment by Google values Jio Platforms at an equity value of ₹ 4.36 lakh crore. Google’s investment will translate into a 7.73% equity stake in Jio Platforms…
Reliance Industries Limited and Jio Platforms Limited, announced that Intel Capital will invest ₹ 1,894.50 crore in Jio Platforms at an equity value of ₹ 4.91 lakh crore and an enterprise value of ₹ 5.16 lakh crore. Intel Capital joins the list of marquee firms who have recently invested in Jio Platforms, taking the total…
Reliance Industries Limited and Jio Platforms Limited, India’s digital services platform, announced an investment of ₹ 11,367 crore by The Public Investment Fund. This investment values Jio Platforms at an equity value of ₹ 4.91 lakh crore and an enterprise value of ₹ 5.16 lakh crore. PIF’s investment will translate into a 2.32% equity stake…