Articles tagged under: Reliance Retail

RIL Q3 | All time high revenue and EBITDA

January 22, 2022
RIL Q3 | All time high revenue and EBITDA

Mumbai: Reliance Jio beat street estimates on the profitability front in the third quarter while the revenues were in-line with expectations. Revenues for Q3 came in at Rs 19,347 crore against Rs 18,735 crore in the September quarter - an increase of 3.3%. Net profit was up 2.5% at Rs 3,615 crore versus Rs 3,528 crore logged in the second quarter. The operational performance beat the street expectations with EBITDA margins at 49.2% vs 48% in the last quarter. ARPU jump of 5.6% to Rs 151.60 wa...Read More

Trends announces Uttarayan Selfie Contest

January 12, 2022
Trends announces Uttarayan Selfie Contest

Mumbai: India’s largest and fastest growing apparel and accessories specialty chain of Reliance Retail, Trends is strengthening the connect with consumers across the small towns of Gujarat, through an interesting contest during the auspicious Uttarayana Festival. By virtue of its presence and reach in Gujarat, Trends has planned an interesting contest for its consumers across state during the kite flying festival, Uttarayan. Trends across over 40 stores in Gujarat, would be connecting wi...Read More

Dunzo raises US$ 240 M in a round led by Reliance Retail

January 06, 2022
Dunzo raises US$ 240 M in a round led by Reliance Retail

Mumbai: Dunzo, India’s leading quick commerce player, has raised US$240M in its latest round of funding. The investment was led by Reliance Retail Ventures Limited (“Reliance Retail”), with participation from existing investors Lightbox, Lightrock, 3L Capital and Alteria Capital. With an investment of US$200M, Reliance Retail will own 25.8% stake on a fully diluted basis. This round is a reinstatement of confidence of existing and new investors in Dunzo’s potential and success in creatin...Read More

Reliance Retail Ventures Ltd and Ritu Kumar join hands

October 19, 2021
Reliance Retail Ventures Ltd and Ritu Kumar join hands

Mumbai: Reliance Retail Ventures Limited (RRVL) and pioneering designer Ritu Kumar announce a collaboration to charter new, untried interpretation of India’s crafts and textiles that take the story of the country’s artisanal culture beyond existing ideas in couture and fashion. RRVL’s majority equity acquisition in Ritika Pvt. Ltd included completely acquiring Everstone’s ≈35% stake in the company. Today the Ritu Kumar business includes four fashion brand portfolios which cumulative...Read More

Reliance Retail to launch 7-Eleven convenience stores in India

October 07, 2021
Reliance Retail to launch 7-Eleven convenience stores in India

Mumbai: Reliance Retail Ventures Limited (“RRVL”), through its wholly owned subsidiary, 7-India Convenience Retail Limited, has entered into a master franchise agreement with 7-Eleven, Inc. (“SEI”) for the launch of 7-Eleven® convenience stores in India. The first 7-Eleven store is set to open on Saturday, October 9 in Andheri East, Mumbai. This will be followed by a rapid rollout in key neighborhoods and commercial areas, across the Greater Mumbai cluster to start with. The 7-Eleven...Read More

Reliance Retail takes control of Just Dial Ltd

September 02, 2021
Reliance Retail takes control of Just Dial Ltd

Mumbai: Reliance Retail Ventures Limited (“RRVL”) today said it has now taken sole control of Just Dial Limited (“Just Dial”) in accordance with the SEBI Takeover Regulations with effect from September 1, 2021. On July 20, 2021, RRVL acquired 1.31 crore equity shares of Rs. 10/- each of Just Dial at a price of Rs. 1,020/- per equity share from Mr. VSS Mani on the floor of the stock exchange through the block window facility. The acquisition represents 15.63% of the post-preferential i...Read More

JioMart and Smart SuperStore announces Full Paisa Vasool Sale on August 14

August 13, 2021
JioMart and Smart SuperStore announces Full Paisa Vasool Sale on August 14

Mumbai: JioMart and Smart SuperStore will kick off India’s biggest and one of the most highly anticipated grocery sale festival, the Full Paisa Vasool sale on JioMart on August 14. The sale will be live till August 18 and span across a network of 1200-plus stores including Smart Superstores, Smart Point and Reliance Fresh. The key theme of the Full Paisa Vasool Sale has always been to offer customers huge savings on the entire range of groceries. This year too, the sale is offering unbeatable ...Read More

Reliance Retail Ventures Ltd announces acquisition of controlling stake in Just Dial Ltd

July 16, 2021
Reliance Retail Ventures Ltd announces acquisition of controlling stake in Just Dial Ltd

Mumbai: Reliance Retail Ventures Limited (“RRVL”), Just Dial Limited (“Just Dial”) and VSS Mani & others, today executed definitive agreements which will entail:  a) Preferential allotment of 2.12 crore equity shares (equivalent to 25.33% post preferential share capital) at price per share of Rs 1,022.25 b) Acquisition of 1.31 crore equity shares by RRVL from VSS Mani (equivalent to 15.62% post preferential share capital) at a price per share of Rs 1,020.00. c) Shareholders agree...Read More

Reliance Retail to create 10 lakh jobs

June 25, 2021
Reliance Retail to create 10 lakh jobs

Mumbai: Reliance Industries' retailing arm Reliance Retail would grow at least three times in the next 3 to 5 years, Chairman and Managing Director Mukesh Ambani said on Thursday. It continues to be among the fastest-growing retailers globally and the company aims to be among the top ten retailers of the world, Ambani said at RIL's annual general meeting with shareholders. In the next three years, Reliance Retail will create employment opportunities for over ten lakh people and enable the liveli...Read More

Reliance Retail 2nd fastest growing retailer in world

May 09, 2021
Reliance Retail 2nd fastest growing retailer in world

New Delhi: Billionaire Mukesh Ambani's Reliance Retail Ltd has been ranked second fastest growing retailer in the world in the 2021 ranking of global retail power houses by Deloitte, down from top rank secured the previous years. It has been ranked 53rd in the list of Global Powers of Retailing, improvement from 56th earlier, according to the Deloitte report. The list is topped by US giant Walmart Inc, which retains its position as world's top retailer. Amazon.com Inc improved its position to...Read More

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