Tag: Reliance Retail
17 Results
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Reliance Retail pushes deadline by six months to complete deal with Future Group
The deal, which was announced on August 29, 2020, has already received clearance from regulators such as CCI, SEBI and bourses, and the scheme of arrangement is now awaiting the nod from the NCLT and shareholders.
April 2, 2021 -
Reliance Retail’s Q3 revenue slips to Rs 36,887 crore; pre-tax profit rises 11.80%
During the quarter, grocery business and electronics stores sustained double-digit growth, while the fashion and lifestyle business delivered a strong rebound, surpassing the pre-COVID levels.
January 23, 2021 -
Reliance acquires 96% stake in Urban Ladder
1. Urban Ladder was co-founded by Ashish Goel (CEO) and Rajiv Srivatsa (COO) in July 2012. 2. The investment had valued RRVL at a pre-money equity value of Rs 4.587 lakh crore.
November 16, 2020 -
Futures Retail anticipates liquidation if deal with RIL fails
Sector experts too are of the view that if the acquisition of the company does not go through, then it may have to wind up its operations or go for bankruptcy.
October 28, 2020 -
Future-RRVL deal stalled; RRVL says ‘intend to enforce rights & complete transaction’
The arbitration panel, in an interim order, has directed the Kishore Biyani-led Future Group not to proceed with the deal with Reliance Retail for now.
October 26, 2020 -
Deal with RIL in line with Indian laws, not party to agreement with Amazon: Future
The arbitration panel, in an interim order, has directed the Kishore Biyani-led Future Group not to proceed with the deal with Reliance Retail for now.
October 26, 2020 -
Reliance Retail receives Rs 5,550 crore from KKR for 1.28% stake sale
The investment valued Reliance Retail, which runs grocery stores and fashion chains, at a pre-money equity value of Rs 4.21 lakh crore.
October 15, 2020 -
Amazon takes on Future over deal with Reliance Retail
The acquisition is part of the scheme in which the Future Group is merging certain companies carrying on the aforesaid businesses into Future Enterprises Limited (FEL).
October 8, 2020 -
RIL shares soar higher due to latest investments from ADIA
After hitting day’s high of Rs 2,309, company’s shares were trading up by 79.45 or 3.59 per cent at Rs 2,289.80 in the afternoon.
October 7, 2020 -
Abu Dhabi’s Mubadala to invest Rs 6,247.5 crore in Reliance Industries’ retail arm for 1.4% stake
Morgan Stanley acted as financial advisor to Reliance Retail and Cyril Amarchand Mangaldas and Davis Polk & Wardwell acted as legal counsels.
October 2, 2020 -
Reliance Industries shares rise after General Atlantic deal announcement
Reliance Retail Ltd, a Subsidary of RRVL, operates about 12,000 stores in nearly 7,000 towns, with 640 million footfalls.
September 30, 2020 -
General Atlantic to invest Rs 3,675 crore for 0.84% stake in Reliance Retail
The investment will add fire to Ambani's battle for dominance in the retail market that is also being eyed by Jeff Bezos' Amazon.
September 30, 2020 -
RIL sells 1.75% stake in Reliance Retail to Silver Lake for Rs 7,500 cr
This is the second billion-dollar investment by Silver Lake in RRVL after the $1.35 billion investment in Jio Platforms announced earlier this year.
September 26, 2020 -
Mukesh Ambani-led Reliance Retail asset monetization picks up pace
The financial services company sees capital allocation, execution and de-gearing as key to the next leg of stock outperformance.
September 23, 2020 -
US Private Equity firm KKR to invest Rs 5,550 crore in Reliance Retail for 1.28% stake
Other investors in Jio Platforms include Facebook, Google, Silver Lake, private equity groups Vista and General Atlantic and Abu Dhabi's sovereign wealth fund Mubadala.
September 23, 2020 -
Reliance Industries looking to sell $20 billion stake in retail unit to Amazon: Report
1. Reliance Retail Limited, a subsidiary of RRVL, operates India's largest, fastest growing retail business. 2. RIL announced that US private equity firm Silver Lake Partners will invest Rs 7,500 crore for 1.75 per cent stake in its RRVL.
September 10, 2020 -
Reliance Industries shares rise over 2% on Silver Lake-Reliance Retail deal
It is worth mentioning that Silver Lake was the first US private equity firm to invest in Jio.
September 9, 2020