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Search resuls for: "India’s Reliance Industries"


3 mentions found


Ambani’s retail backers dispel only a little doubt
  + stars: | 2023-09-15 | by ( Shritama Bose | ) www.reuters.com   time to read: +4 min
Asia’s richest man is raising fresh funds to trim debt and expand the shopping unit of his flagship Reliance Industries (RELI.NS). Ambit Capital, a broking firm, for example ascribes Reliance Retail a $57 billion valuation in a sum of the parts analysis, almost half Bernstein’s estimated $111 billion. Any financial haze around Reliance Retail will naturally clear whenever it publishes a detailed listing prospectus. U.S. private equity giant KKR will invest 20.7 billion rupees ($250 million) into Reliance Retail Ventures, the company’s parent Reliance Industries said on Sept. 11. Reliance Retail is a subsidiary of Reliance Industries.
Persons: Mukesh Ambani, Thakore, Singapore’s GIC, Bernstein, Una Galani, Thomas Shum Organizations: Reuters, Reliance Industries, KKR, Abraham, Qatar Investment, U.S, Reliance Retail, Abu Dhabi Investment Authority, Saudi Arabia’s Public Investment Fund, Reliance, HK, India’s Reliance Industries, Reliance Retail Ventures, Thomson Locations: MUMBAI, Qatar, Abu Dhabi, China, Singapore, Saudi Arabia
UAE telco super app punt uses Indian playbook
  + stars: | 2023-04-11 | by ( ) www.reuters.com   time to read: +2 min
LONDON, April 11 (Reuters Breakingviews) - The United Arab Emirates is finding more strategic places to park its cash. The telecoms giant’s purchase follows a $4.4 billion investment in Vodafone (VOD.L) in May last year. It’s a way to advance an ambition, revealed last June, to be a technology and investment powerhouse. In a way, e& is following an investor playbook akin to that of India’s Reliance Industries (RELI.NS). The $192 billion Indian conglomerate has spent years acquiring music apps and other services in an attempt to cross-sell to its mobile customers.
India’s Reliance Industries Deserves More Patience
  + stars: | 2023-01-25 | by ( Megha Mandavia | ) www.wsj.com   time to read: 1 min
Reliance Industries , India’s most valuable company, is undergoing a transformation—its fourth this century. Chairman Mukesh Ambani probably deserves more shareholder love than he is getting right now. Delayed gratification is always a tough sell. Despite high interest rates, Reliance secured board approval last week to raise as much as 200 billion Indian rupees, equivalent to $2.5 billion, to pay short-term debt maturities and double down on its 5G cellular rollout, new energy ventures and to expand its retail business.
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