RRVL

Reliance Retail Ventures to raise Rs 4,966.80 crore from ADIA

ADIA to invest Rs 4,966.80 crore in Reliance Retail for 0.59 pc stake

This investment by a wholly-owned subsidiary of Abu Dhabi Investment Authority (ADIA) "will translate into an equity stake of 0.59 per cent" in Reliance Retail Ventures Limited (RRVL) on a fully diluted basis, it added.

Reliance Brands signs agreement to acquire majority ownership of Superdry for Indian territory

Superdry has entered into a joint venture agreement with Reliance Brands to sell its intellectual property assets in India, Sri Lanka, and Bangladesh for £40 million. Superdry will invest £9.6 million in the alliance, and the South Asian IP generated around 1.8% of total Superdry group sales for the financial year ending April 2023.

Mukesh Ambani's Reliance signs JV with Superdry for IP in India, Sri Lanka and Bangladesh

Clothing company Superdry Plc, headquartered in the United Kingdom, has announced a partnership with Mukesh Ambani's Reliance Brands Holding UK for the purpose of selling the company's intellectual property assets in India, Sri Lanka, and Bangladesh. As part of this joint venture, Reliance Retail Ventures' RBUK and Superdry will hold ownership stakes of 76 per cent and 24 per cent each.

ADIA looks to put $600 million into RIL's retail business

Abu Dhabi Investment Authority (ADIA) is reportedly looking to invest $600 million in Mukesh Ambani's retail empire, Reliance Retail Ventures (RRVL), at valuations significantly higher than those in the previous round three years ago. ADIA already holds a 1.2% stake in RRVL, alongside other investors such as KKR and Qatar. The current valuation is about 60% higher than the last round but lower than analysts' estimated value of $131 billion. RRVL, with a market value of $100 billion, is the 12th largest retail giant globally. Reliance Retail posted annual revenue of INR 2.6 trillion ($35 billion) in FY23.

Reliance Retail Ventures gets Rs 2,000 crore from KKR

Global investment firm KKR is investing an additional ₹2,069.5 crore in Reliance Retail Ventures (RRVL), increasing its equity stake to 1.42%. This brings RRVL's valuation to around ₹8.36 lakh crore, making it one of India's top four companies by equity value. The investment will be used to fund expansion, retire debt, and prepare for RRVL's initial public offering.

Reliance Retail's cumulative debt up 73% in FY23

As much as ₹19,243 crore of the loans were non-current, long-term, borrowings, as per disclosures in RRL's latest annual report. As of March 2022, it had a mere ₹1.74 crore in bank loans on its books. The retail business also raised ₹13,304 crore in long-term debt from holding company Reliance Retail Ventures Ltd (RRVL), taking its cumulative debt 73% higher from a year ago to ₹70,943 crore, as per the FY23 report.

Reliance Retail acquires majority stake in Alia Bhatt’s clothing brand Ed-a-Mamma

Reliance Retail Ventures Ltd. (RRVL) has signed a joint venture with Alia Bhatt’s clothing brand of kids and maternity wear, Ed-a-Mamma for a 51% majority stake. The partnership will see the brand grow into new areas like personal care and baby furniture. The brand also plans it come up with children's story books and an animated series.

Reliance opens Metro's gates for all consumers to further strengthen its retail dominance

Mukesh Ambani's consumer business is set to gain further momentum as it has opened the gates to its Metro Cash & Carry stores for everyone, and not just B2B customers. Nearly nine months after the deal with Metro AG went through, Ambani now aims to sell more of its products through the wholesale distributors it gained through the deal.

RIL may sell 8-10% more in Rel Retail ventures to fund expansion

Reliance Industries is considering selling an additional 8-10% stake in Reliance Retail Ventures Ltd (RRVL) to raise funds for expansion and debt retirement before its planned IPO. The stake sale would be done in tranches over 12-15 months and is crucial for the success of RRVL's IPO, as the current valuation of $100 billion is considered too large for the market to absorb. The company aims to dilute another 7-10% equity to make the IPO size manageable. The proceeds from the stake sales will be used for store expansion and debt reduction.

Reliance Retail launches youth focused brand Yousta

Reliance Retail, a subsidiary of Reliance Industries, has launched a value apparel format called Yousta to compete with Tata's Zudio, Max from the Landmark group, and InTune from Shoppers Stop. Yousta offers products priced below Rs 999, with the majority priced below Rs 499. The company aims to cater to the evolving fashion needs of India's younger generation.

Besides QIA, here’s a list of investors who hold a piece of Reliance Retail

Reliance Industries on Wednesday announced that Qatar Investment Authority (QIA) would invest Rs 82.8 billion in Reliance Retail Ventures (RRVL) through a wholly-owned subsidiary. This investment is set at a pre-money equity valuation of Rs 8.3 trillion. At an estimated net debt of Rs 332 billion in FY25, RRVL’s enterprise value stands at Rs 8.6 trillion and equity per share value stands at Rs 1,200, shows calculations by MOSL. Here's a look at which other marquee and PE investors had picked a stake in Reliance Retail:

QIA to invest $1 billion in Reliance Retail Ventures

RRVL, the holding company of Reliance Retail Ltd (RRL), had diluted 10.1% stake and raised over $6 billion in 2020 from several financial sponsors and sovereign wealth funds (SWFs) such as KKR, General Atlantic, TPG, Silver Lake, L Catterton, Abu Dhabi Investment Authority, Mubadala and Public Investment Fund of Saudi Arabia.

Qatar sovereign fund looking to pick stake in Ambani's Reliance Retail: Report

Qatar Investment Authority (QIA), Qatar's sovereign wealth fund, is in talks to buy a stake in Indian billionaire Mukesh Ambani's Reliance Retail Ventures, business daily Financial Times reported citing three people with knowledge of the discussions. The Qatari sovereign wealth fund had not yet approved the deal, which itself has not been finalised yet and might change, the newspaper said.

Alan's Bugles comes to India as Reliance ties up with General Mills

Reliance Consumer Products Limited (RCPL), the FMCG arm of Reliance Retail Ventures Limited (RRVL), on Friday launched Alan’s Bugles in India. The product will first make way in Kerala and will be gradually expanded across India, the company said in a statement.

Reliance completes acquisition of Lotus Chocolate

RCPL completed the acquisition of a 51% stake in Lotus Chocolate for an aggregate consideration of Rs 74 crore and subscribed to non-cumulative redeemable preference shares of Lotus for an aggregate consideration of Rs 25 crore.

METRO AG completes sale of its Indian operations to Reliance Retail

METRO AG has completed the sale of its Indian operations, including all 31 wholesale stores and the entire real estate portfolio (6 store-occupied properties), to Reliance Retail Ventures Limited (RRVL), with an equity valuation of approximately €0.3 billion, (Rs 2,700 crore).

Reliance Retail enters into joint venture for toy manufacturing with Haryana-based firm

The brand currently owns iconic British toy brand Hamleys and home-grown toy brand Rowan. Reliance Retail has entered into a joint venture with Sonipat, Haryana-based Circle E Retail to vertically integrate its toy business.

Banking on good Monsoon for a better 2nd half, not unduly perturbed by entry of Reliance in FMCG: Wipro Consumer Care

"It's not like the good old pre-Covid era and I think smaller towns and rural areas are still a bit of a challenge but things are improving. Hopefully, if the monsoon is good, we will see a better second half. Fortunately, the cost prices have come down, initially, they jumped last year due to the Ukraine war. We are seeing positive things as far as the market is concerned," said Wipro Consumer Care and Lighting CEO Vineet Agrawal.

Unfazed by Reliance, expect broad-based growth in FY24, says Godrej Consumer Products

Godrej Consumer Products Ltd (GCPL) believes its brand equity, portfolios and innovations will keep it ahead of market competition, according to CFO Sameer Shah. Having seen off Baba Ramdev's Patanjali and other disruptions, the arrival of India's richest man Mukesh Ambani's Reliance in the FMCG sector is also unlikely to change current trends. Around 45% of GCPL's revenue comes from India, while the rest is generated in markets in places such as Indonesia and Africa.

Campa is back! Reliance announces launch of iconic beverage brand for new-age India

Reliance Consumer Products Limited (RCPL), the FMCG arm and a wholly-owned subsidiary of Reliance Retail Ventures Limited (RRVL), on Thursday announced the launch of the iconic beverage brand, Campa. The Campa portfolio will initially include Campa Cola, Campa Lemon and Campa Orange in the sparkling beverage category, stated the company in a press release.

Campa Cola is back! Reliance Retail launches iconic beverage brand in 3 new flavours

Reliance Retail launches 1st outlet of its fashion & lifestyle departmental store 'Reliance Centro'

India's largest retailer Reliance Retail on Tuesday announced the launch of its fashion & lifestyle departmental store Reliance Centro in Vasant Kunj, Delhi. Reliance Centro’s core offerings are curated to make it a one-stop fashion destination for its mid-premium segment customers, the company said in a statement.