Qatar Investment Authority to inject Rs 8,278cr into Reliance Retail Ventures

Qatar Investment Authority to inject Rs 8,278cr into Reliance Retail Ventures

Reliance Retail Ventures Limited (RRVL), a subsidiary of Reliance Industries Limited, revealed that the Qatar Investment Authority (QIA) will invest ₹8,278 crore into the company. This massive investment skyrockets Reliance Retail Ventures’ pre-money equity value to an astonishing ₹8.278 lakh crore. The QIA investment will lead to a minority equity stake of 0.99% in Reliance […]

Reliance Consumer Products to buy 50% stake in Sosyo Hajoori Beverages

Reliance Consumer Products to buy 50% stake in Sosyo Hajoori Beverages

Reliance Retail Ventures Limited (RRVL) said that its FMCG arm Reliance Consumer Products Limited (RCPL) will acquire a 50% stake in Sosyo Hajoori Beverages (SHBPL), a Gujarat-based beverage company. The financial terms of the deal were not disclosed by Reliance Retail Ventures, which is part of Indian conglomerate Reliance Industries. Through the deal, Reliance Consumer […]

Reliance Retail to buy cash & carry wholesaler Metro India for Rs 2,850cr

Reliance Retail to buy cash & carry wholesaler Metro India for Rs 2,850cr

Reliance Retail Ventures, an arm of Reliance Industries, will acquire Metro Cash & Carry India (Metro India), a wholly-owned subsidiary of Germany-based Metro AG, for Rs 2,850 crore, to further strengthen its new commerce business. The acquisition will also increase Reliance Retail’s store footprint across India with the addition of Metro India’s multi-category large format […]

Reliance Retail buys stake in hyperlocal delivery company Dunzo for $200m

Reliance Retail buys stake in hyperlocal delivery company Dunzo for $200m

Reliance Retail Ventures, the retailing arm of Reliance Industries, has acquired a stake of 25.8% in Bengaluru-based hyperlocal delivery company Dunzo for $200 million. Dunzo is engaged in providing instant delivery of essentials sourced from a network of micro warehouses. Its services are currently available across seven Indian cities. Reliance Retail Ventures will avail Dunzo’s […]

Reliance Retail Ventures to open 7-Eleven convenience stores in India

Reliance Retail Ventures to open 7-Eleven convenience stores in India

Reliance Retail Ventures Limited (RRVL), via its fully-owned subsidiary — 7-India Convenience Retail, has signed a master franchise agreement with American convenience stores company 7-Eleven (SEI) for opening 7-Eleven convenience stores in India. The first of the planned 7-Eleven stores will open on 9 October in Andheri East, Mumbai. Following this, there will be a […]