This is the second such investment by General Atlantic in a Reliance venture following a Rs 6,598.38 crore investment in Jio Platforms announced earlier this year
Reliance Retail is on a fund raising spree and has secured around $1.8 billion in the past few weeks from KKR & Co and Silver Lake Partners
All that happened in the markets today
Reliance Industries has raised Rs 1.65 trillion over the past few months through stake sales at its digital unit Jio Platforms and its retail arm Reliance Retail Ventures
Earlier, Silver Lake had invested Rs 7,500 cr into Reliance Retail Ventures, valuing the business at about Rs 4.2 trillion
RIL soared 3 per cent to Rs 2,276.50 on the BSE on Wednesday in intra-day trade, after the company announced that global investment firm KKR will invest Rs 5,550 crore in Reliance Retail Ventures
This marks the second investment by KKR in a Reliance subsidiary following Rs 11,367 crore-investment in Jio Platforms announced earlier this year
Ambani's company is in talks with domestic assemblers to make a version of its Jio phone that would run on Google's Android
"Bilateral trade between Saudi Arabia and India has increased significantly in the last two years, from $27 billion in 2018 -19 to $34 billion in 2019-2020"
Witzig has allotted a total of 193 million equity shares to the investors to raise this capital at a premium of Rs 4.28 per share and paid-up capital of Rs 10 per share
Reliance Industries' m-cap now 50% higher than the combined m-cap of all small-caps
Large flows pose a challenge to managing rupee appreciation
Reliance's oil imports in August rose about 58 per cent from July to 1.22 million barrels per day
The team owner's share price has more than doubled in the past few months and quadrupled in the past two years. It is the only sports team in the country to have its shares in the grey market
The stock had made a stellar debut with the scrip ending at Rs 698, a 122% premium against the issuance price of Rs 314.25. Coupled with the listing day rally, the stock has zoomed 368% on BSE
A 164% surge in RIL accounted for 43% of the Sensex rally since March 23, making US equities look better
There is room for consolidation in India, but we need to guard against concentration of power
Tata Consultancy Services (TCS) on Monday became the second Indian company to attain a market valuation of Rs 9 trillion after Reliance Industries Limited
The weak results come amid the sale of retail assets of the Future group to Reliance in a nearly Rs 25,000-crore transaction, which was announced last month
Carlyle Group is looking to invest up to $2 billion in Reliance Industries' retail business