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Ambani's Reliance Retail in talks to raise $2.5B by this month's end

IndianStartupNews

IndianStartupNews · 1y ago

Ambani's Reliance Retail in talks to raise $2.5B by this month's end

Reliance Retail, owned by Reliance Industries, is reportedly in discussions with global investors to secure an additional $2.5 billion (INR 20,680 crore) in funding by September 2023. This funding is part of a $3.5 billion target fund, with the first $1 billion already secured from Qatar Investment Authority (QIA). Reliance Retail, valued at $100 billion, is said to be considering opportunities for expansion and growth. The move follows the recent announcement of Reliance Industries' plans to sell an 8-10% stake in Reliance Retail Ventures Limited.

Related News

India's Arvind Fashions to sell Sephora retail division to Ambani's Reliance

Reuters · 1y ago

India's Arvind Fashions to sell Sephora retail division to Ambani's Reliance

Arvind Fashions, an Indian fashion retail company, has announced the sale of its beauty brands division to Reliance Retail, the retail unit of billionaire Mukesh Ambani's Reliance Industries, for $11.89 million. The division retails products of LVMH-owned beauty chain Sephora. The deal will strengthen Reliance's portfolio of international brands, and comes after previous reports of unsuccessful talks for a partnership between Sephora and Reliance Retail. Arvind Fashions shares surged 7.3% following the announcement.

India's Reliance Retail in $1.5 bln Gulf, Singapore funds talks -sources

Reuters · 1y ago

India's Reliance Retail in $1.5 bln Gulf, Singapore funds talks -sources

Reliance Retail, India's largest retailer, is reportedly in discussions with existing investors, including Singapore's GIC, Abu Dhabi Investment Authority (ADIA), and Saudi Arabia's Public Investment Fund (PIF), for combined new investments totaling around $1.5 billion. This initiative is part of Reliance's goal to raise $3.5 billion by the end of September. The investors are looking to invest at least $500 million each in Reliance Retail at a valuation of $100 billion. Reliance Retail has witnessed significant growth and expansion in recent years, with investments from various stakeholders.

RIL Tata JV: Mukesh Ambani's Reliance mulls buying 29% stake in Tata Play

Livemint

Livemint · 1y ago

RIL Tata JV: Mukesh Ambani's Reliance mulls buying 29% stake in Tata Play

Mukesh Ambani's Reliance Industries (RIL) is reportedly in talks to acquire a 29.8% stake in Tata Play, the satellite TV and streaming service owned by Walt Disney. This potential deal would expand RIL's presence in the television distribution sector, potentially creating a major media powerhouse in India. RIL is also in merger talks with Disney to create a media behemoth, with Reliance potentially investing $1.5 billion for a 60% stake. RIL's share price recently hit a record high, propelling its market capitalization to nearly ₹20 lakh crore.

Ambani's Reliance fielding Chinese giant to heat up retail showdown

Economic Times

Economic Times · 6m ago

Ambani's Reliance fielding Chinese giant to heat up retail showdown

Reliance Retail has launched a Shein app in India, reviving the Chinese fast fashion brand after its 2020 ban. This move heats up competition in India's booming fast fashion market, projected to exceed $50 billion by FY31. Shein's global rise is marked by aggressive discounting and influencer marketing, despite facing labor controversies. Under Isha Ambani's guidance, Shein returns as a technology provider, with Reliance ensuring compliance with local regulations and data security.

Reliance-backed Indian startup to launch humanoid robot in 2025

Internet

Internet · 9m ago

Reliance-backed Indian startup to launch humanoid robot in 2025

Mukesh Ambani's Reliance Industries-backed Addverb Technologies has announced plans to launch a humanoid robot next year. The AI-powered robot will handle '3D' tasks (dull, dirty and dangerous) across industries like retail, energy, and fashion, CEO Sangeet Kumar said. In 2022, Reliance acquired a 54% stake in the Noida-based startup for $132 million.

Gold trading platform Augmont set to file for Rs 1,000 crore IPO

Economic Times

Economic Times · 1m ago

Gold trading platform Augmont set to file for Rs 1,000 crore IPO

Augmont, a digital gold trading platform, plans a Rs 1,000 crore IPO, expected to file a draft red herring prospectus with SEBI by month's end. This offering will include fresh shares and sales from existing shareholders. Led by JM Financial, Nuvama, and Motilal Oswal, the funds will expand Augmont's business, which spans refining, bullion trading, digital gold, gold loans, and investible jewelry, catering to retail, corporate, and banking clients. Competitors include MMTC-PAMP and SafeGold.

KKR, GIC eye Carlyle’s Nxtra stake; Reliance Retail Ventures to raise funds

VCCircle

VCCircle · 1y ago

KKR, GIC eye Carlyle’s Nxtra stake; Reliance Retail Ventures to raise funds

Private equity firm Carlyle Group is reportedly in talks to sell its 24% stake in Nxtra Data, the data center subsidiary of Bharti Airtel. Potential buyers include sovereign wealth funds Abu Dhabi Investment Authority and Singapore's GIC, as well as private equity giant KKR. Meanwhile, Reliance Retail Ventures is looking to raise funds as it continues its aggressive expansion strategy in the retail sector.

Dunzo lays off employees, to cut staff by 30-40%: Report

Financial Express

Financial Express · 1y ago

Dunzo lays off employees, to cut staff by 30-40%: Report

Quick commerce company Dunzo is planning to downsize its workforce by around 30-40% through additional layoffs, as it continues to struggle with financial constraints. The company has already laid off approximately 400 employees this year. Dunzo is also in talks to raise $25-30 million in funding, with key investors including Reliance Retail, Google, and Lightrock expected to participate. However, the company's valuation is yet to be determined. Dunzo has faced legal notices and delayed salary payments, making this funding crucial for its survival.

Big Reliance Retail investors to hold similar stakes in FMCG entity

Economic Times

Economic Times · 27d ago

Big Reliance Retail investors to hold similar stakes in FMCG entity

Reliance Retail is restructuring its FMCG business to consolidate it under New Reliance Consumer Products Ltd, a direct subsidiary of Reliance Industries Ltd. This move ensures that nine global investors holding 13% in the retail business will maintain equivalent stakes in the new FMCG entity. The restructuring is designed to help Reliance raise more funds and enhance the valuation of its FMCG business, which competes with major brands like Coca-Cola and PepsiCo.

ADIA may infuse $600 million in Mukesh Ambani's Reliance Retail

Livemint

Livemint · 1y ago

ADIA may infuse $600 million in Mukesh Ambani's Reliance Retail

The Abu Dhabi Investment Authority (ADIA) is reportedly considering investing $600 million in Reliance Retail, owned by Mukesh Ambani. ADIA has already invested in Reliance Retail Ventures, acquiring a 1.2% stake in 2020. This potential investment comes after Reliance Retail received significant investments from global firms such as KKR and Qatar Investment Authority earlier this year. Reliance Retail has been expanding its business through acquisitions and franchise rights, with a network of over 18,500 stores and digital platforms across various sectors.

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