Skip to main content

Silver Lake Co-Investors To Further Invest Rs 1,875 Cr In Reliance Retail

 


Reliance Industries NSE -0.41 % Ltd (RIL) has announced that US fund Silver Lake will make its second tranche of investment into Reliance Retail Ventures Ltd by infusing an additional Rs 1,875 crore into the country’s largest retailer.

With the latest infusion, that was announced late on Wednesday, Silver Lake will take its total investment into the company to Rs 9,375 crore, raising its stake to 2.13% in the company from earlier 1.75%.

On 9 th September, Silver Lake was the first overseas fund to announce to invest Rs 7,500 crore for purchasing a 1.75% stake into India's largest retailer by revenue.

Prior to announcing the second tranche of investment by Silver Lake, RIL on Wednesday morning said another US investment firm General Atlantic will invest Rs 3,675 crores in Reliance Retail Ventures Ltd picking 0.84%.

General Atlantic is the latest fund in a string of global investors including Silver Lake and KKR to invest in Reliance Retail in the last three weeks.

So far the three global investment firms have injected or announced to invest about Rs 18,600 crore in Reliance Retail valuing the company at Rs more than 4.20 lakh crore.

All the three funds had earlier this year invested in RIL other hottest property Jio Platforms. General Atlantic had earlier this year injected Rs 6,598 crore in the Reliance-owned telecom services provider.

ET had reported earlier this month that RIL is looking to raise about Rs 60,000-63,000 crore by selling a 15% stake in Reliance Retail to a bevy of global investors and the Mumbai conglomerate is also planning to induct an overseas strategic investor into the company.

Sandip Ginodia , CEO

ALTIUS INVESTECH PVT LTD

We deal in over 60 unlisted companies with 15 years of experience 

For latest prices visit : www.abhisheksecurities.com/unlisted.htm / call : 09830271248 .

Email : ginodiasandip1@gmail.com

Comments

Popular posts from this blog

Reliance's JioMart is averaging half a million orders per day; WhatsApp driving growth

  JioMart , Reliance's online-to-offline commerce  platform that launched in May , has scaled up rapidly, riding on the pandemic-fuelled digital acceleration. The service, which went   live in 200 cities across India, is currently processing an average of  500,000 orders per day. " We can go even higher on peak days",  Jio Platforms CEO   Kiran Thomas  revealed at the Facebook for Fuel India 2020 event. He said, "JioMart is empowering millions of  kiranas  and small merchants through the simple and secure platform of WhatsApp, and linking them to Reliance Retail's pan-India supply chain. We expect to grow manifold in future, and are optimistic about enabling new cohorts of users and making it easier for them to shop for daily essentials."  "Customers are transacting seamlessly on JioMart and the  conversational nature of the service  enabled by WhatsApp has made people adapt to it intuitively," he added. Reliance also stated that it will continue t

Stock broker SMC Global files for IPO

F inancial services company SMC Global Securities has filed draft red herring prospectus with SEBI for public issue of 1,58,67,380 equity shares of face value of Rs 2 each. The issue comprises a fresh issue of 79,33,690 equity shares by the company and an offer for sale of 79,33,690 shares by Millennium India Acquisition Company Inc. As of September 30, 2012, "We service our broking clients through a network of 43 branches and 2,521 registered sub-brokers and authorized persons spread in more than 500 cities and towns. We have also established an office in Dubai for brokerage and trading activities in that region," the company said. SMC has reported a loss of Rs 0.42 crore and total revenues of Rs 292.24 crore in the year ended March 31, 2012. "The proceeds of the fresh issue shall be utilised for margin maintenance with stock exchanges; part repayment of term loan; investments into subsidiary, SMC Comtrade; and general corporate purposes," according to p

TCS merger with TCS e serve

The board of Tata Consultancy Services (TCS) in its meeting on 18 October 2012 has approved the composite scheme of arrangement between TCS, TCS e-Serve (e-Serve) and TCS e-Serve International (TEIL). The composite scheme of arrangement provides for merger of e-Serve into TCS and demerger of TEIL's special economic zone (SEZ) undertaking(s) to TCS. The appointed date proposed for this scheme is 01 April 2013. TCS holds 96.26% of the paid up equity share capital of e-Serve. TEIL is a wholly owned subsidiary of e-Serve. As per the terms of the scheme of arrangement, shareholders of e-Serve (other than TCS) will receive 13 equity shares of Re 1 each of TCS for every 4 equity shares of Rs 10 each of e-Serve held by them. The board has approved the scheme of merger of Computational Research Laboratories (CRL) and Retail FullServe (RFL) with TCS. The proposed appointed date for the merger of CRL is 01 October 2012 and for the merger of RFL is 01 April 2012. Computational Res