Reliance Retail (RRVL), the retail arm of Reliance Industries, has successfully received the full subscription amount of Rs 2,069.50 crore from the global investment firm KKR and has allotted 1.71 crore equity shares. Following this share allotment, KKR’s shareholding in RRVL has increased to 1.42 per cent, up from the previous 1.17 per cent. In […]
Reliance Retail, under the control of Mukesh Ambani, is reportedly engaged in discussions with existing investors, including sovereign wealth funds from Singapore, Abu Dhabi, and Saudi Arabia, regarding a potential additional round of investments totaling around USD 1.5 billion. These talks are part of an internal objective to secure USD 3.5 billion in investments by […]
Bollywood actor Alia Bhatt, who recently started her business venture, Ed-a-Mamma, has joined hands with Reliance Industries-owned Reliance Retail Ventures Limited (RRVL). Announcing the partnership, Alia on Wednesday took to Instagram and wrote, “Delighted to share that Ed-a-Mamma and Reliance Retail Ventures Ltd have entered into a joint venture. Ed-a-Mamma is a bootstrapped venture with […]
Reliance Retail, the subsidiary of Reliance Industries Ltd (RIL), has witnessed a meteoric rise in valuation, surging from Rs 4.28 lakh crore in 2020 to Rs 8.28 lakh crore. The Chairman of Reliance Industries, Mukesh Ambani, disclosed this remarkable feat to investors, highlighting the company’s enduring popularity and sustained investor interest during the 46th AGM. […]
India’s largest retailer, Reliance Retail today announced the launch of its youth-focused fashion retail format, Yousta with the opening of its first store in Hyderabad’s Sarath City Mall. With contemporary tech-enabled store layouts, Yousta offers high-fashion at affordable prices targeted at young consumers. All products, for instance, are priced below Rs 999, with a majority […]
Reliance Retail has unveiled its all new JioBook, a lightweight and pocket-friendly 4G-LTE powered laptop designed to cater to all age groups. JioBook touted as ‘India’s First Learning Book’ will be available at Rs 16,499 starting 5 August 2023, and customers can purchase JioBook from Reliance Digital’s online and offline stores, as well as through […]
Reliance Retail is undergoing a comprehensive makeover of its Trends fashion stores across India, incorporating contemporary and tech-enabled features to entice the younger generation of customers. With a new brand identity, approximately 150 Trends stores nationwide will sport a revamped appearance, from the façade to fixtures, lighting, ceiling, and flooring, creating an aspirational shopping experience. […]
According to the reports, Dunzo, a cash-strapped startup, is seeking an additional Rs 164 crore (approximately USD 20 million) from Reliance Retail, it’s largest shareholder. This request comes after Dunzo fell short of its target of raising USD 75 million through the issuance of convertible notes. In April, Dunzo managed to raise only USD 45 […]
Reliance Retail and Jio are best-positioned players in the largest and fastest-growing e-commerce market in the long term, according to brokerage Berstein. In a report ‘The Long View: India eCommerce – A 150 bn dollar market. Three players. One Disruptive Playbook’, the brokerage said that Reliance Retail and Jio have several advantages including “home field […]
Reliance Retail has generated net new employment opportunities for 2,500 individuals in January 2023 alone, according to media sources. However, market sources indicate that 567 people have resigned on performance grounds and are currently serving their notice periods since April 2023. Market sources argue that emphasising the 567 performance-based exits, which account for less than […]
