Articles tagged under: reliance

Mukesh Ambani ‘s address at PDPU Convocation 2020

November 21, 2020

Gandhinagar: Following is full text of President of Deendayal Petroleum University, Gandhinagar, Gujarat Shri Mukesh Dhirubhai Ambani: Honourable Chief Minister of Gujarat, Shri Vijay Rupaniji,My fellow members of the Board,Faculty, teachers, staff, students, parents,And my dear friends,A very warm good morning to each and every one of you. I wish all of you good health and safety.I hope that you are all taking necessary precautions to keep yourself and your dear ones safe and protected.India...Read More

Competition Commission clears Reliance-Future Group deal

November 20, 2020
Competition Commission clears Reliance-Future Group deal

New Delhi: The Competition Commission has approved Reliance's proposed acquisition of retail, wholesale, logistics and warehousing businesses of Future Group. The Rs 24,713 crore deal that would boost Reliance Industries' fast growing retail business was announced in August. In a tweet on Friday, the regulator said it has approved "acquisition of retail, wholesale, logistics & warehousing businesses of Future Group by Reliance Retail Ventures Limited and Reliance Retail and Fashion Lifesty...Read More

Reliance Retail Ventures Limited completes fund raise of Rs. 47,265 crore for 10.09 per cent stake in the company

November 19, 2020
Reliance Retail Ventures Limited completes fund raise of Rs. 47,265 crore for 10.09 per cent stake in the company

Munbai: Reliance Industries Limited (“Reliance Industries”) and Reliance Retail Ventures Limited (“RRVL”) today in a statement said the companies have completed the current phase of partner induction and fund raise exercise for RRVL. RRVL has received cumulative subscription amount of Rs. 47,265 crore from the following financial partners and allotted 69,27,81,234 equity shares to them. The respective equity stake in RRVL, on a fully diluted basis, is also provided in the following tabl...Read More

The Public Investment Fund ( PIF ) invests Rs. 9,555 crore in Reliance Retail Ventures Ltd

November 05, 2020
The Public Investment Fund ( PIF ) invests Rs. 9,555 crore in Reliance Retail Ventures Ltd

Mumbai: Reliance Industries Limited (“Reliance Industries”) and Reliance Retail Ventures Limited (“RRVL”) announced today that The Public Investment Fund (“PIF”) will invest Rs. 9,555 crore (approximately $1.3 billion) for an equity stake of 2.04% into RRVL, a subsidiary of Reliance Industries. This investment values RRVL at a pre-money equity value of Rs. 4.587 lakh crore (approximately $62.4 billion). This investment will further strengthen PIF’s presence in India’s dynamic eco...Read More

Mukesh Ambani pitches for push to manufacturing

October 20, 2020
Mukesh Ambani pitches for push to manufacturing

New Delhi: India's most valuable company Reliance Industries was once fined for producing more than its licensed capacity, its owner and richest Indian Mukesh Ambani ?said on Monday as he pitched for a push to manufacturing to make the country 'Aatmanirbhar' or self-reliant. "Just like we have start-ups in the technology sector, I think India is ripe now to support small and medium entrepreneurs and get them the physical start up. So we need as much thinking about bricks as we have about clic...Read More

Jio designed to help India lead fourth industrial revolution, says Mukesh Ambani

October 08, 2020
Jio designed to help India lead fourth industrial revolution, says Mukesh Ambani

New Delhi: Having missed most of the first three industrial revolutions, India has its chance to lead the fourth industrial revolution through a convergence of its IT prowess, ultra-high-speed internet connectivity and affordable smart devices, billionaire Mukesh Ambani said on Thursday. The richest Indian man, who heads the nation's most valuable company Reliance Industries Ltd, said his group's telecom and digital unit Jio was conceived to provide the key ingredients needed to lead the four...Read More

ADIA to invest Rs. 5,512.50 crore in Reliance Retail Ventures

October 06, 2020
ADIA to invest Rs. 5,512.50 crore in Reliance Retail Ventures

Mumbai: Reliance Industries Limited (“Reliance Industries”) and Reliance Retail Ventures Limited (“RRVL”) announced today that a wholly owned subsidiary of the Abu Dhabi Investment Authority (“ADIA”) will invest ₹ 5,512.50 crore into RRVL, a subsidiary of Reliance Industries. This investment values RRVL at a pre-money equity value of ₹ 4.285 lakh crore. ADIA’s investment will translate into a 1.20% equity stake in RRVL on a fully diluted basis. With this investment, RRVL has ra...Read More

Mukesh Ambani pitches for new regulation on data protection at RAISE 2020 summit

October 05, 2020

New Delhi: Billionaire Mukesh Ambani on Monday pitched for the government framing new regulation to protect data and ensure data privacy, saying nations will increasingly compete on digital capital in the coming decades. Ambani, who has been a votary of data nationalisation, said India has a unique advantage to harness enormous digital capital for Artificial Intelligence (AI) driven development that is “bottom-up and inclusive”. Speaking at RAISE 2020 summit, Ambani said the time i...Read More

TPG to invest Rs. 1,837.5 crore in Reliance Retail Ventures

October 03, 2020
TPG to invest Rs. 1,837.5 crore in Reliance Retail Ventures

Mumbai: Reliance Industries Limited (“Reliance Industries”) and Reliance Retail Ventures Limited (“RRVL”) announced today that global investment firm TPG will invest Rs. 1,837.5 crore into RRVL, a subsidiary of Reliance Industries. This investment values Reliance Retail at a pre-money equity value of Rs. 4.285 lakh crore. TPG’s investment will translate into a 0.41% equity stake in RRVL on a fully diluted basis. This marks the second investment by TPG in a subsidiary of Reliance Ind...Read More

Mubadala to invest Rs. 6,247.5 crore (AED 3.1 billion) in Reliance Retail Ventures

October 01, 2020
Mubadala to invest Rs. 6,247.5 crore (AED 3.1 billion) in Reliance Retail Ventures

Mumbai: Reliance Industries Limited (“Reliance Industries”) and Reliance Retail Ventures Limited (“RRVL”) announced today that Mubadala Investment Company (Mubadala), the Abu Dhabi-based sovereign investor, will invest ₹ 6,247.5 crore (AED 3.1 billion) into Reliance Retail Ventures Limited (RRVL), a subsidiary of India’s Reliance Industries Limited (Reliance Industries). The investment values Reliance Retail at a pre-money equity value of ₹ 4.285 lakh crore. Mubadala’s investment...Read More