Page 8 - Reliance Retail

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

RIL AGM LIVE: Mukesh Ambani to remain CMD for 5 years, mentor new leaders

RIL AGM: From Mukesh Ambani's address to major announcements, check all the live updates and news related to Reliance's 46th annual general meeting here

Retail value of Reliance Retail doubled in less than 3 years: Isha Ambani

During the 46th Annual General Meeting (AGM) of Reliance Industries Limited, Isha Ambani, director of Reliance Retail, said that the retail company saw around 1,000 million transactions last year

RIL trades flat ahead of 46th AGM at 2 pm today; Jio Financial surges 5%

At the 46th AGM of Reliance, chairman, Mukesh Ambani is expected to divulge information about JFSL's business and future plans

Reliance AGM: Where and how to watch Reliance's 46th annual general meeting

Reliance AGM 2023: Mukesh Ambani, chairman of Reliance Industries, will address the shareholders and talk about the company's past performance as well as further plans

Reliance Retail Ventures may sell another 8-10% stake to prepare for IPO

Further dilution of stake might make its IPO size manageable

Reliance Retail opens youth fashion retail format with 1st store in H'bad

Leading retailer Reliance Retail on Thursday announced the launch of its youth-focused fashion retail format, Yousta, with the opening of its first store in Sarath City Mall here. A press release from the company said with contemporary technology-enabled store layouts, Yousta offers high-fashion at affordable prices targeted at young consumers. All products, for instance, are priced below Rs 999, with a majority of them priced below Rs 499. Speaking on the launch, Akhilesh Prasad, President and CEO Fashion and Lifestyle, Reliance Retail, said Yousta is a young and dynamic brand that underlines a way of life that will grow and evolve with the youth of this country. "The team will continuously work with India's younger generation to understand their evolving fashion needs. Every day will be 'Day One' in terms of freshness and relevance. Yousta will not only give a voice to the youth but also give them the freedom to express themselves, because for us, they are absolute stars," he ...

QIA to invest Rs 8,278 cr in Reliance Retail Ventures for 0.99% stake

Retail arm of Reliance Industries valued at pre-money equity value of Rs 8.28 trn

Reliance Retail crossed 1 bn transaction mark in FY23, to ramp up FMCG biz

In the previous financial year, it forayed into the FMCG and beauty businesses

Lenders bet on Reliance Retail Ventures for Future Enterprises revival

Lenders say RRVL, if its offer is accepted, will get access to two insurance JVs which are currently owned by Future Enterprises with Generalli which gels with RIL's financial services business

At $112 bn, RIL's retail arm value almost twice of O2C biz: Bernstein

According to Berstein's latest report on the company, its retail business is valued at $112 billion while its O2C business is valued at $57 billion