Page 7 - Reliance Retail

Reliance Retail Ventures plans another stake sale of $250-300 million

The funds divested in Reliance Retail amount to 11.31 per cent of the stake, for which investors have forked out Rs 57,562 crore

UK's Superdry to sell S Asia IP assets to Reliance Retail for $48 million

Superdry and Reliance Retail, whose more than 18,000 stores sell everything from groceries to electronics, will own 24% and 76%, respectively, of the joint venture vehicle

This Gulf fund is considering additional investments of $600 mn in RRVL

ADIA already holds a 1.20 per cent stake in Reliance Retail Ventures Limited (RRVL), which it bought in October 2020 for Rs 5,512.50 crore ($751 million)

Reliance Retail receives full subscription amount of Rs 2,069 cr from KKR

Reliance Retail Ventures Ltd, the retail arm of Reliance Industries, has received the full subscription amount of Rs 2,069.50 crore from the global investment firm KKR and has allotted 1.71 crore equity shares. Following the share allotment, KKR's shareholding in Reliance Retail Ventures Ltd (RRVL) has increased to 1.42 per cent, from 1.17 per cent. "Reliance Retail Ventures Ltd today received the subscription amount of Rs 2,069.50 crore from Alyssum Asia Holdings II Pte. Ltd. (KKR) and allotted 1,71,58,752 equity shares to KKR," Reliance Industries said in a regulatory filing on Saturday evening. Earlier this month, Reliance Industries had announced KKR's investment of Rs 2,069.50 crore in RRVL, the holding company of the retail business of billionaire Mukesh Ambani-led group, for a 0.25 per cent additional stake at a valuation of about Rs 8.36 lakh crore. Founded in 1976, KKR has approximately USD 519 billion in assets under management as of June 30, 2023. Earlier this month, RI

Top headlines: Sovereign wealth funds bullish on RRVL,Tata steel and more

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Reliance Retail in talks to raise $1.5 billion from existing investors

The talks are a part of the company's internal target to raise $3.5 billion by the end of September this year

Expecting high demand, QSRs, retail companies expand their workforce

Reliance Retail (RR), the country's largest retailer, added the most number of employees at about 60,000 in FY23

Mid, SmallCap indices sink up to 4% ahead of CPI inflation; benchmarks flat

Closing Bell on September 12, 2023: Among sectors, the Nifty Media index declined nearly 4 per cent, the Nifty Metal index nearly 3 per cent, and the Nifty PSU Bank and Auto indices up to 2.5 per cent

Top headlines: KKR to invest in Reliance Retail, gains for rail, infra cos

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KKR set to invest over Rs 2k cr in Reliance Retail to raise stake to 1.42%

KKR stake in RRVL will go to 1.42% from 1.17%

Reliance Retail total debt up 73%; RRVL expected to continue pumping money

Reliance Retail Limited's debt-to-equity ratio increased from 1.35 in FY22 to 1.91 in FY23

Reliance's Performax Activewear to sponsor kit for Indian football team

Reliance Retail expects a five-fold growth its sportswear business in the next three years, led by a spurt in sporting activities, increasing awareness for a healthy lifestyle, and a growing economy, a company official said on Thursday. Reliance Retail, part of billionaire Mukesh Ambani's Reliance Industries, on Thursday announced a partnership of Performax with the All India Football Federation (AIFF) to become the official kit and merchandise sponsor of the Indian football team. To be part of the transformation journey when people are looking at sporting events beyond cricket and visualising sports as a carrier, Reliance Retail with its sportswear brand Performax is proving an affordable option, said its Fashion & Lifestyle President & CEO Akhilesh Prasad. Though the current market size of sportswear is very small in India and largely dominated by local brands, Prasad said it has huge room for growth and Reliance Retail looks itself as a "catalyst" for this by providing ...

Reliance Retail to buy 51% stake in Alia Bhatt's kids wear brand Ed-a-Mamma

RRVL reported a consolidated turnover of Rs 260,364 crore ($ 31.7 billion) and net profit of Rs 9,181 crore ($ 1.1 billion) for the year ended March 31, 2023

Reliance Retail receives Rs 8,278 cr from QIA, allots 68 mn shares

Reliance Industries on Wednesday said it has received Rs 8,278 crore from Qatar Investment Authority (QIA) for around 1 per cent stake in Reliance Retail Ventures Ltd (RRVL), the retail arm of billionaire Mukesh Ambani-led group. As per the deal, it has allotted 6.86 crore equity shares to QIA of RRVL, which is the leading retailer in the country, said a regulatory filing from Reliance Industries Ltd (RIL). "Reliance Retail Ventures Ltd today received the subscription amount of Rs 8,278 crore from Qatar Holding LLC (QIA) and allotted 6,86,35,010 equity shares to QIA," said RIL. The investment is made by QIA's wholly-owned subsidiary into India's largest retailer at a valuation of Rs 8.278 lakh crore (USD 100 billion). Earlier on August 23, RIL had announced divesting 1 per cent stake in RRVL to QIA for a consideration of Rs 8,278 crore (USD 1 billion). Updating about the development, Reliance Industries had said: "QIA's investment will translate into a minority equity stake of 0.9

Reliance Retail opens Metro Cash & Carry stores; to continue wholesale biz

Last December, Reliance Retail Ventures acquired Metro Cash and Carry India for Rs 2,850 crore

Why are Indian retailers obsessed with Gen Z?

Dear Gen Z, while you may not be old enough to convince your parents for the Goa trip yet, with your shopping habits, you have certainly impressed some of the top retailers in the country >

Reliance Retail Ventures in talks with investors to raise another $2.5 bn

According to a Reuters report, the company intends to raise $2.5 billion, which is part of a combined target of $3.5 billion, and plans to complete this exercise by the end of the quarter

Reliance Retail in talks with global investors to raise $2.5 billion

In an emailed statement, Reliance said "As a policy, we do not comment on media speculation and rumours.", but added "Our company evaluates various opportunities on an ongoing basis"

RIL 46th AGM: Brokerages insipid but keep positive ratings on stock intact

Reliance 46th AGM: The stock would see a significant upside only on listing timelines of the retail and telecom businesses, first announced four years ago in 2019, analysts said

RIL AGM 2023: Reliance pumped $10 billion into retail biz in two years

Mukesh Ambani says Reliance Retail will be its fastest growing business in revenues and EBITDA