Top firms setting up outlets even as consumers remain cautious
From Lakhsmi Vilas Bank getting non-binding offer from Clix to India's richest getting richer amid lockdown, Business Standard brings you the top headlines of the day
Amazon has sent a legal notice to Future Group, alleging the Indian retailer breached the terms of its contract by signing a deal with Mukesh Ambani's Reliance Industries
With a global health crisis raging, listed pharma entrepreneurs fared well while those with interests in real estate suffered
Amazon, in its legal notice, cited a contract arrangement that included "a restricted list" of companies Future was not supposed to enter deals with, according to the report
ADIA joins the league of Silver Lake, KKR, General Atlantic, Mubadala Investment Company, GIC, and TPG who have cumulatively invested Rs 37,710 crore in Reliance Retail for 8.48 per cent stake
With this investment, RRVL has raised Rs 37,710 crore from leading global investors including Silver Lake, KKR, General Atlantic, Mubadala, GIC, TPG and ADIA in less than four weeks
The large divestment was aimed at making RIL debt-free much earlier than its target of next March. RIL had a net debt of over Rs 160,000 crore
With eight deals in four weeks, analysts were expecting the valuation of the firm to touch at least Rs 4.5 trillion
With this investment, RRVL has raised Rs 37,710 crore from leading global investors including Silver Lake, KKR, General Atlantic, Mubadala, GIC, TPG and ADIA in less than four weeks
GIC will invest Rs 5,512 crore for a 1.22% stake, while TPG Capital will invest Rs 1,838 crore to own a 0.41% equity stake in the retail arm
This investment values Reliance Retail at a pre-money equity value of Rs 4.285 trillion
GIC's investment will translate into a 1.22% equity stake in Reliance Retail on a fully diluted basis.
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
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
Cinema and leisure related stocks are expected to trade actively today after the central government announced Unlock 5.0 guidelines
Strategic investor to be inducted later; General Atlantic becomes third PE firm to infuse funds