GIC's investment will translate into a 1.22% equity stake in Reliance Retail on a fully diluted basis.
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
Strategic investor to be inducted later; General Atlantic becomes third PE firm to infuse funds
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
RIL chief Mukesh Ambani tops the list ninth year on the trot, his wealth surges 73% to Rs 6.58 trillion
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
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India's business tycoon Mukesh Ambani continues to top the IIFL Wealth Hurun India Rich list 2020 for the ninth consecutive year with a total wealth of Rs 6,58,400 crore
Mukesh Ambani, Chairman of Indias most valued firm Reliance Industries, continues to top the IIFL Wealth Hurun India Rich List 2020 for the ninth consecutive year, with a total wealth of Rs 6.58 trn
Mukesh Ambani's Reliance Industries Ltd on Saturday said it had received Rs 7,500 crore from US private equity firm Silver Lake Partners, which had picked up 1.75 per cent stake in its retail arm
Electronics Mart runs 60 stores and has 1.200 employees; chain was started in 1980 by local businessman Pavan Kumar Bajaj as "Bajaj Electronics" and later changed its name
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
Ambani's company is in talks with domestic assemblers to make a version of its Jio phone that would run on Google's Android
Creative (and increasingly tech) businesses are said to have an 'ageist' bias
A 164% surge in RIL accounted for 43% of the Sensex rally since March 23, making US equities look better
Morgan Stanley analysed how the Mukesh Ambani-led firm stacked up against eight global firms when they crossed the $200-billion milestone
Money managers can't buy more of India's most valuable company as actively-run plans aren't allowed to own more than 10% of a single stock
The 63-year-old Indian tycoon has identified technology and retail as future growth areas in a pivot away from the energy businesses he inherited from his father