Global investment firm KKR will invest ₹2,069.50 crore in Reliance Retail Ventures Limited (RRVL), a subsidiary of Reliance Industries Limited. The investment elevates RRVL’s pre-money equity value to ₹8.361 lakh crore, ranking it among India’s top four companies by equity value. KKR’s Follow-On Investment and Equity Stake The additional investment will result in a 0.25% […]
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 Limited (RCPL) has completed the previously announced acquisition of a 51% controlling stake in Lotus Chocolate Company Limited for a total consideration of INR 74 crores. In addition, the fast-moving consumer goods (FMCG) arm and fully-owned subsidiary of Reliance Retail Ventures Limited (RRVL) has subscribed to non-cumulative redeemable preference shares of Lotus […]
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 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 Industries Limited said that its subsidiary — Reliance Retail Ventures Limited (RRVL) has acquired the amanté lingerie brand from MAS Brands for an undisclosed price. The Indian conglomerate said that the acquisition of the retail lingerie businesses is part of its journey to provide superior design led products and a compelling value proposition for […]
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 […]
Indian conglomerate Reliance Industries said that US private equity firm Silver Lake will invest INR 7,500 crore ($1.02 billion) for a stake of 1.75% in the former’s subsidiary Reliance Retail Ventures Limited (RRVL). The investment values Reliance Retail Ventures at a pre-money equity value of INR 4.21 lakh crore. It marks the second billion dollar […]