Tag "Reliance Retail"

Understanding Amazon-Reliance-Future Group Case as CCI approved the latter’s acquisition

By : CIOL Bureau

Mukesh Ambani’s Reliance Industries in August announced the acquisition of businesses of Kishore Biyani’s Future Group for ₹24,713 crores. It would add to its fast-expanding retail business and bolster the e-commerce segment. But this put Flipkart and Amazon in a

Reliance picks 96% share in UrbanLadder for Rs 182 crores

By : CIOL Bureau

Reliance Retail Ventures Limited (RRVL) is a subsidiary of Reliance Industries Limited (RIL). RRVL has acquired 96% equity shares of Urban Ladder Home Decor Solutions Private Limited (UrbanLadder). This was for a cash consideration of Rs 182.12 crore. With this,

Another cheque for Ambani as Saudi fund invests ₹9,555 crore in Reliance Retail

By : CIOL Bureau

The Public Investment Fund (PIF) will invest Rs 9,555 crore (approximately $1.3 billion); for an equity stake of 2.04% into Reliance Retail, a subsidiary of Reliance Industries. In the announcement, Reliance stated that this investment values RRVL at a pre-money