RIL acquires majority stake in US-based skyTran Inc

Reliance Strategic Business Ventures Limited (RSBVL), a wholly-owned subsidiary of Reliance Industries Limited (RIL), announced on Sunday that it has acquired majority stake in its investee company skyTran Inc for a consideration of $26.76 million. Continue Reading

Mukesh Ambani hails Modi’s leadership

Mukesh Ambani, chairman, Reliance Industries Limited (RIL) said on Saturday that the passionate and dynamic leadership of Prime Minister Narendra Modi has made the world sit up and take notice of the emergence of a New India. Continue Reading

Mubadala from Dubai to invest Rs 6,247.5 crore in Reliance Retail

Reliance Industries Limited (Reliance Industries) and Reliance Retail Ventures Limited (RRVL) announced on Thursday that Mubadala Investment Company (Mubadala), the Abu Dhabi-based sovereign investor, will invest Rs 6,247.5 crore into Reliance Retail Ventures Limited (RRVL), a subsidiary of Reliance Industries Limited (Reliance Industries). Continue Reading

Silver Lake to invest Rs 7,500 cr in Reliance Retail

Reliance Industries Limited (RIL) on Wednesday announced that Silver Lake will invest Rs 7,500 crore into its subsidiary Reliance Retail Ventures Limited (RRVL). Continue Reading

RIL to focus on monetisation with ‘commerce layer’

In the next four years, Reliance Industries Limited (RIL)’s focus would be to add a third layer of commerce and monetise the existing investments across different formats. Continue Reading

Reliance Retail buys Future Group businesses for Rs 24,713 cr

Reliance Retail Ventures Limited (RRVL), a subsidiary of Reliance Industries Limited, on Saturday announced that it is acquiring the retail, wholesale, logistics and warehousing business from the Future Group as going concerns on a slump sale basis for lump sum aggregate consideration of Rs 24,713 crore, subject to adjustments as set out in the composite scheme of arrangement (Scheme). Continue Reading

Reliance Retail acquires majority stake in Netmeds

Reliance Industries Limited (RIL) on Tuesday announced 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. Continue Reading

7 of top-10 firms add Rs 76,998 cr in market capitalisation

The combined market capitalisation of seven of the 10 most valued Indian firms advanced by Rs 76,998.4 crore last week, with TCS leading the chart. Reliance Industries Limited (RIL), HUL, HDFC, ITC, ICICI Bank and SBI were the other firms which witnessed a jump in their market valuation Continue Reading