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RIL shares fall to 3-month low; brokerages still not recommending ‘sell’, eyeing Jio, retail growth

Analysts say that RIL’s stock triggers have played out. Shares of Mukesh Ambani’s Reliance Industries Ltd (RIL) fell to a three-month low of Rs 1,946 per share on Monday morning, as the stock tumbled over 5%. The oil-to-telecom conglomerate reported a net profit of Rs 10,602 crore in the July-September quarter, down from Rs 15,055 …

Reliance Jio, Retail now makeup half of RIL’s EBITDA; how Mukesh Ambani’s new cash cows fared in Q2

Mukesh Ambani is on a mission to carve a tech giant out of Reliance Industries Ltd empire. Amid this, RIL’s consumer facing businesses Jio Platforms and Reliance Retail have been gaining prominence. Combined, the digital services arm and the retail business of Mukesh Ambani’s oil-to-telecom behemoth make up for 49% of the company’s total EBITDA. …

RIL gets over Rs 32,000 cr in a month; check who invested how much in Reliance Retail so far

RIL, just this week so far, has announced five such equity investment deals for Reliance Retail. Image: Reuters Reliance Retail has got two more global investors putting in Rs 7,350 crore for a total of 1.6 per cent equity stake. Singapore’s sovereign wealth fund GIC will invest Rs 5,512.5 crore to buy 1.22 per cent …

RIL share price jumps 3% on KKR investment in Reliance Retail; firm secures over Rs 13,000 cr in just 23 days

Earlier this year, KKR invested Rs 11,367 crore in the RIL’s digital arm Jio Platforms RIL share price jumped 3 per cent to Rs 2,275.50 apiece on BSE after the company announced a Rs 5,550 crore investment from KKR into its retail business. In the early morning on Wednesday, Mukesh Ambani-controlled Reliance Industries Ltd, in …

Amazon, Samara Capital push Rs 275 cr into supermarket chain MORE’s parent as retail space heats up

With the recent investment the retail space in India could heat ahead of the festive season. World’s richest man, Jeff Bezos through his e-commerce behemoth Amazon along with private equity firm Samara Capital will invest Rs 275 crore into Witzig Advisory Services the parent company of MORE Retail — a retail chain jointly owned by …

RIL stock jumps 170% in less than 6 months; should you buy? Check Credit Suisse, JP Morgan, CLSA ratings

CLSA said that RIL and Silver Lake deal valuation limits any large near-term upsides for the stock RIL shares gained 2 per cent from day’s low to Rs 2,332.90 apiece on BSE, a day after the Mukesh Ambani-led firm said it cannot confirm or deny any transaction which may or may not be in the …

RIL in talks to sell $1 bln Reliance Retail stake to Silver Lake; Ambani cashing in retail after Jio?

Earlier this year, Silver Lake bought a total of 2.08% equity stake in RIL’s telecom and digital services unit Reliance Jio for Rs 10,202 crore. Mukesh Ambani’s Reliance Industries is in talks to sell equity stake worth $1 billion in Reliance Retail to US-based private equity firm Silver Lake, in a deal that could value …

Mukesh Ambani and Kishore Biyani joining hands puts Radhakishan Damani’s DMart in a tight spot

Post the transaction, the total grocery and fashion revenue for the Reliance will be double that of Avenue Supermarts. With Reliance Retail acquiring Future Group’s retail, wholesale, logistics and warehousing business, the Mukesh Ambani-led company has increased its share in India’s retail space. However, the move poses challenges for Radhakishan Damani’s Avenue Supermarts or DMart …

Mukesh Ambani now bets on e-pharmacy space days after Amazon’s foray; acquires majority stake in Netmeds

Reliance Retail will now also compete with 1mg, PharmEasy, Medlife are other startups in the online medicine delivery space in India. Mukesh Ambani has further upped his ante to take on e-commerce biggies in multiple segments. After grocery, Reliance Industries’ subsidiary Reliance Retail Ventures has acquired a majority equity stake in Vitalic Health and its …