Reliance acquires majority equity stake in US-based skyTran Inc.
Mumbai/IBNS: Reliance Strategic Business Ventures Limited (“RSBVL”), a wholly owned subsidiary of Reliance Industries Limited, announced that it has acquired additional equity stake in its investee company skyTran Inc. (“skyTran”) for a consideration of USD 26.76 million increasing its shareholding to 54.46% on a fully diluted basis.
Mukesh Ambani Asia's richest again after China's Zhong Shanshan loses $22 billion in net worth
Mumbai/IBNS: Mukesh Ambani is once again Asia's richest man after China's Zhong Shanshan's networth fell more than $22 billion, reported Bloomberg.
No plans to enter contract farming, confirms Reliance industries
Mumbai/UNI: Mukesh Ambani Controlled Reliance Industries Limited (RIL) on Monday said that the company has no plans of entering contract or corporate farming and it has not purchased any agricultural land in India for the purpose of contract farming.
Saudi sovereign fund PIF invests Rs 9,555 cr for 2.04% stake in Reliance Retail Ventures Ltd
Mumbai/IBNS: Mukesh Ambani led Reliance Industries Ltd on Thursday announced that Saudi Arabia's sovereign Public Investment Fund (PIF) will invest Rs 9,555 crore (approximately $1.3 billion) for an equity stake of 2.04% in Reliance Retail Ventures Limited (RRVL).
Mukesh Ambani's net worth falls after RIL stock prices tumble post Q2FY21 results : Reports
Mumbai/IBNS: Reliance Industries Chairman and Asia's richest man Mukesh Ambani lost $6.8 billion from his net worth on Monday as his company's shares slipped the most in the last seven months, said media reports.
Adia to invest INR 5,512.50 crore in Reliance Retail Ventures
Mumbai/IBNS: Reliance Industries Limited and Reliance Retail Ventures Limited on Tuesday announced that a wholly-owned subsidiary of the Abu Dhabi Investment Authority will invest INR 5,512.50 crore into RRVL, a subsidiary of Reliance Industries.
Global investor KKR to invest INR 5,550 crore in Reliance Retail Ventures
Mumbai/IBNS: Reliance Industries Limited and Reliance Retail Ventures Limited announced on Wednesday that global investment firm KKR will invest INR 5,550 crore into RRVL, a subsidiary of Reliance Industries.
Reliance Retail in advance talks with Silver Lake to sell 1.8 pc stake: Report
New Delhi/IBNS: The retail wing of billionaire Mukesh Ambani controlled Reliance Industries Ltd (RIL) is reportedly in the final stage of talks with US private equity investor Silver Lake to offload 1.7 per cent to 1.8 per cent stake for about Rs 7,500 crore in what could be the first such deal by the retail giant to raise funds, said a media report.
Reliance Retail buys Future Group's retail, supply chain and other business for Rs 24,713 cr
Mumbai/IBNS: Reliance Retail Ventures Limited (RRVL), a subsidiary of Reliance Industries led by billionaire Mukesh Ambani, Saturday announced that it is acquiring the retail and wholesale as well as logistics and warehousing businesses of the Future Group for Rs 24,713 crore as going concerns on a slump sale basis, according to media reports.
Reliance acquires majority stake in Netmeds
Mumbai/UNI: Mukesh Ambani's Reliance Industries Limited (RIL) said that its subsidiary Reliance Retail Ventures Limited (RRVL) has acquired a majority equity stake in Vitalic Health Pvt Ltd and its subsidiaries (collectively known as Netmeds) for a cash consideration of approximately Rs 620 crore.
Reliance Industries chairman Mukesh Ambani 5th richest after Mark Zuckerberg
Mumbai/IBNS: Reliance Industries chairman Mukesh Ambani has been ranked the fifth richest man in the world by the Real-Time Billionaires List by Forbes magazine.
Google to invest Rs. 33,737 crore in Jio platforms for a 7.73% stake
Mumbai/IBNS: Reliance Industries Limited, Jio Platforms Limited and Google LLC on Wednesday announced the signing of binding agreements for an investment of Rs. 33,737 crore by Google into Jio Platforms.
Reliance Industries to become net carbon free by 2035, says chief Mukesh Ambani
Mumbai/UNI: Mukesh Ambani-led Reliance Industries on Wednesday announced its plan to launch an entry-level 4G or 5G smartphone for Indian users, for which it needs Google to build an Android-based operating system.
At $68 bn, Mukesh Ambani eclipses Warren Buffet's fortune
Mumbai/IBNS: Reliance Industries chairman Mukesh Ambani has surpassed Warren Buffet as his net worth touched $68.3 billion on Thursday, according to the Bloomberg Billionaires Index, a Bloomberg report said.
Public Investment Fund to invest Rs. 11367 crore in Jio Platforms
Mumbai/IBNS: Reliance Industries Limited and Jio Platforms Limited, India’s leading digital services platform, on Friday announced an investment of Rs. 11,367 crore by The Public Investment Fund (“PIF”).