Reliance to buy out 50 per cent stake in IMG-R

Billionaire Mukesh Ambani’s Reliance Industries Ltd (RIL) has agreed to buy out IMG Worldwide LLC from their sports management joint venture named IMG Reliance for Rs 52.08 cr. Continue Reading

RIL’s retail arm receives Rs 7,500 cr from Silver Lake

Mukesh Ambani’s Reliance Industries Ltd (RIL) on Saturday said it has received Rs 7,500 crore from US private equity firm Silver Lake Partners, which has picked up 1.75 per cent stake in its retail arm. Continue Reading

RIL offers up to 40% stake in Reliance Retail to Amazon

Reliance Industries Ltd (RIL) has offered up to 40 per cent stake in its subsidiary Reliance Retail Ventures Ltd (RRVL) to Amazon.com Inc. for about $20 billion. Continue Reading

Amazon eyes 9.9% stake in Reliance retail

Amazon.com Inc is in talks to buy a 9.9% stake in the retail arm of conglomerate Reliance Industries Ltd, an agency citing a media report said on Thursday. Continue Reading