Tag Archives: reliance

Future Group lost Rs 7,000 Cr revenue in first 3-4 months of COVID-19 pandemic: Biyani

Future Group creator Kishore Biyani on Wednesday stated the homegrown retail significant lost almost Rs 7,000 crore profits in very first three-four months of the COVID-19 pandemic due to closing of shops, which led him to offer his organization to Reliance Industries. In August this year, billionaire Mukesh Ambani'’s Reliance Industries revealed acquisition of wholesale […]

[Funding alert] Silver Lake to pick up 1.75 pc stake in Reliance Retail for Rs 7,500 Cr

Private equity business Silver Lake Partners will invest Rs 7,500 crore in Reliance Retail for a 1.75 percent stake, the Mukesh Ambani-led business revealed on Wednesday. Earlier this year, Silver Lake had actually invested $1.35 billion in Reliance Jio. The PE giant'’s retail buy comes weeks after Reliance purchased a stake in Future Group, led […]

RIL raises Rs 13,640 Cr from Mubadala, Silver Lake; reaches 20pc stake sale in Jio Platforms

Reliance Industries on Friday stated it raised over Rs 13,640 crore from offering a stake in its digital system to Abu Dhabi-based sovereign financier Mubadala and personal equity Silver Lake, taking the cumulative fundraising to Rs 92,202 crore that will assist pare financial obligation at the oil-to-telecom corporation. Reliance, early on Friday early morning, revealed […]

Amazon in talks to pick up 5pc stake in Bharti Airtel, says report

Global online seller Amazon remains in early-stage talks with India &#x 2019; s leading mobile operator Bharti Airtel for a possible deal, a report recommends. According to a report by Reuters, Amazon is wanting to get a minority stake in Bharti Airtel at a worth of $2 billion. Also ReadAmazon India extends product packaging totally […]

JioMart, the e-commerce venture from India’s richest man, launches in additional cities

The reasoning behind the deluge of dollars flooding into billionaire Mukesh Ambani’’ s Reliance Jio Platforms is starting to end up being more clear as his e-commerce endeavor JioMart begins presenting to more individuals throughout India. An e-commerce endeavor in between the country’’ s leading telecom operator Jio Platforms and leading retail chain Jio Retail, […]

Silver Lake to invest $747M in India’s Jio Platforms

Weeks after Facebook invested $5.7 billion in Jio Platforms , India’s leading telecom operator, personal equity company Silver Lake is doing the same — — and wants to pay a premium for it. Silver Lake revealed on Monday it will be investing 56.56 billion Indian rupees (about $746.8 million) in Jio Platforms for about 1.15% […]