Tag Archives: retail

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 […]