Reliance Retail Ventures Limited (RRVL) announced that global investment firm KKR, through an affiliate, will invest ₹ 2,069.50 crore into RRVL, a subsidiary of Reliance Industries. This investment values RRVL at a pre-money equity value of ₹ 8.361 lakh crore, which makes it among the top four companies by equity value in the country. KKR’s follow-on investment will…
Reliance Retail Ventures Limited (RRVL) announced that Qatar Investment Authority (QIA), through a wholly-owned subsidiary, will invest ₹ 8,278 crore into RRVL, a subsidiary of Reliance Industries Limited. This investment values RRVL at a pre-money equity value of ₹ 8.278 lakh crore, a statement said. RRVL, through its subsidiaries and associates, operates India’s largest, fastest…
Reliance Retail Ventures Limited (RRVL) announced acquisition of 89% equity stake in Purple Panda Fashions Private Limited, which owns and operates the Clovia business, with an investment of Rs 950 crore through a combination of secondary stake purchase and primary investment. The Founding team and management will own the balance stake in the Company, a…
Reliance Retail Ventures Limited has announced the acquisition of controlling stake in Just Dial Limited for a total consideration of Rs 3,497 crores. According to the announcement, VSS Mani will continue as Managing Director and Chief Executive Officer to lead Just Dial through the next phase of growth. Speaking on this transaction, Ms Isha Ambani,…
Reliance Retail Ventures Limited (RRVL), a subsidiary of Reliance Industries Ltd (RIL), announced that it has acquired equity shares of online furniture and decor platform Urban Ladder Home Decor Solutions Pvt Ltd for ₹182.12 crore. RRVL has bought 96% holding in the equity share capital of Urban Ladder and has a further option of acquiring…
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…
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…