Skip to main content

Reliance Retail Secures Over $6 Billion Since September

 


Public Investment Fund (PIF) Saudi Arabia has invested in Reliance Retail Ventures Limited (RRVL) at a pre-money valuation of Rs 4.59 trillion ($62.4 billion), which is 7-9 per cent higher than earlier investments in RRVL.

According to a research by financial services firm Bernstein, Silver Lake's initial $1 billion investment and the KKR investment were at a pre-money equity value of Rs 4.21 trillion ($57.3 billion) and others were at a pre-money valuation of Rs 4.28 trillion ($58.3 billion).PIF's investment is at a pre-money valuation of Rs 4.59 trillion ($62.4 billion), 7-9 per cent higher than earlier investments.

The PIF Saudi Arabia sovereign wealth fund has invested $1.3 billion in the holding company of RRVL for a 2.04 per cent stake. RRVL has raised more than $6 billion since September 2020 by diluting 10.3 per cent stake.Other investors include GIC ($750 million, only retail), Silver Lake ($1.25 billion), KKR ($750 million), Mubadala ($830 million), ADIA ($750 million), General Atlantic ($500 million), and TPG ($250 million).

Earlier this year, PIF had invested $1.5 billion in Jio Platforms for a 2.32 per cent stake.In a related development, WhatsApp Pay has got approval to go live on the UPI platform. WhatsApp Pay will begin scaling up the users with a maximum of 20 million initially.

In April, WhatsApp had entered into a separate commercial partnership with Reliance Retail/JioMart. Like WeChat in China, WhatsApp could become a 'Super App' that allows Reliance to bundle commerce solutions, payments/Fintech and media/content solutions, benefiting Reliance Jio/FB customers.

As per the research, Reliance Retail is the largest retailer in India and operates 12,000 stores, with 640 million footfalls across core categories of grocery, consumer electronics and apparel. Revenue for Reliance Retail in FY20 was Rs 1.63 trillion ($21.7 billion). Reliance Retail saw a strong recovery in Q2FY21, aided by easing of lockdowns.

JioMart, the e-commerce platform, was launched in May 2020. Reliance aims to digitisekirana stores through its new commerce business. In Q2FY21, JioMartkirana partnerships were expanded to 20 cities and orders grew four times compared to Q1FY21.

 

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

Labels:

Comments

Post a Comment

Please leave your name and email id along with the comment .
Get the updates from this blog direct to your inbox . Fill in your email id on the home page.

Popular posts from this blog

HDFC Life inks distribution tie-up with Catholic Syrian Bank

HDFC Life  has entered into a  bancassurance  (the selling of life assurance and other insurance products and services by banking institutions) tie-up with Catholic Syrian Bank to distribute its individual life insurance products to the private lender’s customers. HDFC Life will offer its leading range of individual life insurance, health and pension products to the Catholic Syrian Bank’s  1.5 million  customer base across all its branches over a period of time. Sandip Ginodia , Director   A LTIUS INVESTECH PVT LTD | ABHISHEK SECURITIES 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
1 comment
Read more

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...
10 comments
Read more

NBI Industrial Finance Limited

NBI Industrial Finance Limited , Strand Road, Kolkata-700001 NBI Industrial Finance Limited was originally incorporated in Lahore in 1935 as The New Bank of India Limited. Dr. Ganeshi Lal Aggarwal and Mr. Kohli were the original promoters. After 1947 the Registered office was shifted to New Delhi. To provide for the losses due to partition the face value of the share was reduced from Rs. 10 to Rs. 5 . Later, The New Bank of India Ltd. was nationalised. Most of the non promoter shareholders took cash compensation. The Registered Office of the Company was shifted from Connaught Place, New Delhi to Strand Road , Kolkata. The share's face value was consolidated to Rs. 10. Share Capital : Rs. 1 cr 12 lakh Reserves : Around Rs.11 cr  NBI Industrial Finance Company is , now , the investment holding Company of Bangurs ( Benu Gopal Bangur of Shree Cement group ). They were the promoters of New Bank of India at the time of nationalisation. As the Company has holding of Shree Cement Ltd. it...
8 comments
Read more