Reliance Life Sciences has developed an RT-PCR kit that promises diagnosis of Covid-19 infection in about 2 hours, company sources said
Reliance has raised more than $20 billion by selling stakes in Jio Platforms. Global investors including Facebook and Google bought a combined 33% in that venture this year
Ramping up e-commerce operations and going beyond its current strongholds are key challenges for the grocery chain in its battle with Mukesh Ambani's upcoming retail behemoth
Another Rs 25,000 cr to be raised by way of debt
This would take the combined investment by Silver Lake and its co-investors in Reliance Retail to Rs 9,375 crore in exchange for a 2.13 per cent stake
This is the second investment by Mubadala in a subsidiary of Reliance Industries
Led by Jio, telecom accounted for $10.2 billion of the investments during the first 9 months of 2020
All that happened in the markets today
Mubadala is well known as a key investor in the tech-focused Vision Fund, run by Japan's SoftBank, and has been investing in global tech companies and tech-oriented funds for over 10 years
All that happened in the markets today
General Atlantic's investment will translate into a 0.84 per cent equity stake in RRVL. The deal values Reliance Retail at a pre-money equity value of Rs 4.285 trillion
This is the second such investment by General Atlantic in a Reliance venture following a Rs 6,598.38 crore investment in Jio Platforms announced earlier this year
Reliance Retail is on a fund raising spree and has secured around $1.8 billion in the past few weeks from KKR & Co and Silver Lake Partners
All that happened in the markets today
Reliance Industries has raised Rs 1.65 trillion over the past few months through stake sales at its digital unit Jio Platforms and its retail arm Reliance Retail Ventures
Earlier, Silver Lake had invested Rs 7,500 cr into Reliance Retail Ventures, valuing the business at about Rs 4.2 trillion
RIL soared 3 per cent to Rs 2,276.50 on the BSE on Wednesday in intra-day trade, after the company announced that global investment firm KKR will invest Rs 5,550 crore in Reliance Retail Ventures
This marks the second investment by KKR in a Reliance subsidiary following Rs 11,367 crore-investment in Jio Platforms announced earlier this year
Ambani's company is in talks with domestic assemblers to make a version of its Jio phone that would run on Google's Android
"Bilateral trade between Saudi Arabia and India has increased significantly in the last two years, from $27 billion in 2018 -19 to $34 billion in 2019-2020"