Abu Dhabi Investment Authority’s wholly-owned subsidiary is set to make a significant investment of ₹4,966.80 crore into Reliance Retail Ventures Limited (RRVL), a prominent subsidiary of Reliance Industries Limited. With a valuation setting RRVL’s pre-money equity at an impressive ₹8.381 lakh crore, this places the retail titan among India’s top four equity-valued companies. This fresh […]
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 Industries Limited (RIL) reported its financial results for the quarter ended June 30, 2023, revealing a mixed performance. Gross revenue dropped by 4.7% year-on-year (Y-o-Y) to ₹231,132 crore ($28.2 billion), primarily due to a 31% fall in crude oil prices leading to a sharp decline in Oil-to-Chemicals (O2C) revenues. This was partially mitigated by […]
In a milestone step towards their ‘2G-Mukt Bharat’ vision, Reliance Jio has unveiled the ‘Jio Bharat’ phone platform, aiming to uplift the digital capabilities of India’s existing 250 million feature phone users. This new platform capitalizes on device and network capabilities to provide internet-enabled services on entry-level phones, thereby democratizing digital services. Other phone brands, […]
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 Industries Limited (RIL) has reported a 0.6% increase in its net profit for the quarter ended 31 December 2022 (3Q FY23) to INR 17,806 crores, compared to INR 17,703 crores in net profit for the same period in the previous fiscal year. The diluted earnings per share (EPS) of Reliance Industries Limited for the […]
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 Industries Limited (RIL) has reported a 40.8% increase in its net profit for the quarter ended 30 June 2022 (1Q FY23) to INR 19,443 crores ($2.5 billion), compared to INR 13,806 crores ($1.73 billion) in net profit for the same period in the previous fiscal year. In the previous quarter, that is 4Q FY22, […]
Reliance Brands Limited (RBL) has agreed to acquire a stake of 40% in the Indian toy manufacturing business of Italy-based Plastic Legno for an undisclosed price. The two companies will subsequently create a toy manufacturing joint venture. According to Reliance Brands, the investment serves a dual purpose and brings vertical integration to its own toy […]