Abhishek Securities

Reliance Retail  is in advanced negotiation with American private equity investor  Silver Lake  to sell 1.7-1.8% stake in the entity for about Rs 7500 crore, in what could be the first such deal in the  Mukesh Ambani  owned retail giant to raise funds, two senior industry executives said. The story was first reported by the Financial Times late Thursday evening. If this deal materialises, it potentially values Reliance Retail at over Rs 4.3 lakh crore. The executives said  Ambani  wants to raise funds by selling minority stakes in Reliance Retail and is in talks with multiple investors. When contacted, a Reliance Retail spokesperson said the company as a policy does not comment on media speculation and rumours. “Our company evaluates various opportunities on an ongoing basis. We have made and will continue to make necessary disclosures in compliance with our obligations under Securities Exchange Board of India (Listing Obligations and Disclosure ...

Shares of Future Retail Ltd (FRL) have risen 52% so far this month. One reason for this optimism is that reports suggest Reliance Industries Ltd is one among the suitors for assets held by the Future Group, including stakes in FRL and Future Lifestyle Fashions Ltd. Note that RIL is India’s largest physical retailer, as on 30 March, with 28.7 million sq. ft of operating area, which includes Jio stores. RIL’s large offline presence will get a further boost if the reported deals with Future Group go through. At the end of the December quarter, FRL operated 16.1 million sq. ft of retail space, while Future Lifestyle had 7.5 million sq. ft. BofA Securities analysts said in a note to clients that if the reported deals fructify, margins are likely to improve due to improving scale. Sandip Ginodia , Director   A LTIUS INVESTECH PVT LTD We deal in over 60 unlisted companies with 15 years of experience . For latest prices visit :  www.abhisheksecurities.com/unlisted.htm ...

JioMart, Reliance Industries Limited's lastest services of delivering groceries from neighbourhood  kirana stores has been temporarily suspended according to news reports. Over a month ago, JioMart went live on WhatsApp for delivery in the Mumbai suburbs  of Thane, Navi Mumbai and Kalyan, however,the pilot run of the ambitius project was paused due to shortage of delivery staff. Owners of several provisional stores, which were roped in by JioMart for the projects,said the services have been suspended as they were unable to deliver orders. 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