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
This brings the aggregate investmentby Silver Lake and its co-investors in RRVL to Rs 9,375 crore, which will translate into a 2.13% equity stake in RRVL on a fully diluted basis
A court has acquitted all 32 accused, including former deputy prime minister Lal Krishna Advani, in the demolition of the Babri mosque in Ayodhya in December 1992
From special court acquitting all accused in Babri demolition case to General Atlantic investing in Reliance Retail, Business Standard brings you top news of the evening
General Atlantic's investment will translate into a 0.84 per cent equity stake in RRVL. The deal values Reliance Retail at a pre-money equity value of Rs 4.285 trillion
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
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
RIL has reportedly not paid a second instalment of advance tax owing to a heavy fall in crude oil prices, which has left the company with no margin on refining.
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
From protests over farm bills to Harley Davidson set to quit India, here are top headlines this morning