JP Morgan Values Reliance Retail At $121 Bn
JP Morgan values Reliance Retail at USD 121 bn and Jio at USD 92 bn, with retail and telecom expected to drive over 50% of earnings by FY25
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French Fashion Group SMCP Signs Deal With Reliance To Expand Into India
- by BW Retail World Bureau
- November 30, 2023
Fashion group SMCP, the owner of French fashion labels Sandro and Maje, announced on Thursday that it has entered into a deal with Reliance for expansion into India. The company will join other prestigious European brands in opening stores in the Jio World Plaza mall in Mumbai. According to SMCP CEO Isabelle Guichot, “There aren’t […]
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Reliance To Invest Rs 20,000 Cr More In West Bengal Over Next 3 Years
- by BW Retail World Bureau
- November 22, 2023
Reliance Industries chairman Mukesh Ambani on Tuesday said that the group plans to invest an additional Rs 20,000 crore in West Bengal over the next three years. Speaking at the seventh edition of the Bengal Global Business Summit, Mukesh Ambani said the additional investment will be in the areas of digital life solutions, retail and […]
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Reliance Retail Receives Full Subscription Amount of Rs 2,069.50 Cr From KKR
- by BW Retail World Bureau
- September 25, 2023
Reliance Retail (RRVL), the retail arm of Reliance Industries, has successfully 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 this share allotment, KKR’s shareholding in RRVL has increased to 1.42 per cent, up from the previous 1.17 per cent. In […]
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Reliance Retail In Talks To Raise $1.5 Bn From Sovereign Wealth Funds
- by BW Retail World Bureau
- September 14, 2023
Reliance Retail, under the control of Mukesh Ambani, is reportedly engaged in discussions with existing investors, including sovereign wealth funds from Singapore, Abu Dhabi, and Saudi Arabia, regarding a potential additional round of investments totaling around USD 1.5 billion. These talks are part of an internal objective to secure USD 3.5 billion in investments by […]