A $170 billion retail bounty is at stake! If Mukesh Ambani drew first blood by signing a $3.4-billion deal to buy several retail assets of the Future Group, Amazon struck legally by mounting a credible challenge before global arbitration panels and Indian courts. But there is no victor in sight yet.
Indian shares rose more than 1 per cent on Tuesday as heavyweights Reliance and Housing Development Finance Corp provided a boost, with investors eyeing upbeat global cues ahead of a new presidency under U.S. President-elect Joe Biden.
Resumption of stake sale talks a sign of India's attraction as a destination for energy investors seeking access to one of the world's fastest-growing markets.
The Tatas and Walmart may jointly take on Reliance and Amazon for dominance over the Indian retail market and the right to mine data generated by 500-million-plus Indian Net users.
Mukesh Ambani has attracted $4.4 billion investments in his retail arm since September 9. RIL’s pivot towards consumer businesses like telecom, tech and retail are a bet on consumer spending recovering very soon.
Reliance Industries Limited and Reliance Retail Ventures Limited (RRVL) on Saturday announced that TPG, a global investment firm, will into RRVL, a subsidiary of Reliance Industries.
Reliance Industries Limited (RIL) and Reliance Retail Ventures Limited (RRVL) announced that co-investors of Silver Lake will invest an additional 18.75 billion rupees into RRVL, a subsidiary of Reliance Industries.
Abu Dhabi state fund Mubadala Investment Co is in advanced talks to invest up to $1 billion in the retail division of India's Reliance Industries Ltd, two sources told Reuters, as investor interest in the Indian company surges.
This is the third strategic investment in the retail unit of Reliance Industries Ltd (RIL), within a month.
Private equity firm KKR & Co Inc will invest $755 million in the retail unit of Reliance Industries Ltd