Reliance Industries' retail unit is attracting 'strong interest' from other top investors after raising $1 billion from Qatar Investment Authority, its billionaire chairman Mukesh Ambani said on Monday.
MUMBAI, Aug 28 - Reliance Industries' retail unit is attracting "strong interest" from other top investors after raising $1 billion from Qatar Investment Authority, its billionaire chairman Mukesh Ambani said on Monday.
Reliance Retail, which aims to list on the stock market, raised $1 billion from Qatar Investment Authority at a $100 billion valuation, three years after a wave of fundraising where the unit attracted investors such as KKR, Silver Lake and TPG. "In less than three years, the valuation of Retail has almost doubled, notwithstanding the intervening COVID-19 pandemic," Ambani, Asia's richest person, said during the company's annual general meeting.
"Several marquee global strategic and financial investors have shown strong interest in Reliance Retail," he said, adding he would share progress about them "in due course".Led by Ambani's daughter Isha, the retail arm includes e-commerce operations and outlets selling electronics, clothing and food products, a consumer goods business and international partnerships with brands like Burberry, Pret A Manger and Tiffany.
Indonesia Berita Terbaru, Indonesia Berita utama
Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.
India's Reliance appoints Ambani children to company boardIndia's Reliance Industries Ltd on Monday appointed Isha, Akash and Anant Ambani, the three children of chairman Mukesh Ambani, as directors to the board of the oil-to-telecoms conglomerate.
Baca lebih lajut »
Indian Billionaire Mukesh Ambani's Firm Will Explore Blockchain Platforms and CBDCsIndia has already made significant progress towards a wholesale and retail CBDC even though a full-scale launch is awaited.
Baca lebih lajut »
Fanatics Partners with Columbus Blue Jackets to Open Retail SportsbookFanatics Betting and Gaming has opened a brick-and-mortar sportsbook in partnership with the NHL’s Columbus Blue Jackets.
Baca lebih lajut »
10 arrested in undercover operation targeting retail theft at East LA Nike storeTen people were arrested during a two-day undercover operation in connection with recent 'brazen'' organized retail thefts at the Nike Community Store in East Los Angeles, authorities announced Saturday.
Baca lebih lajut »
10 arrested in undercover retail theft sting at East LA Nike storeAt least one of the people arrested had a warrant out for shoplifting.
Baca lebih lajut »
Bally's Atlantic City Replaces FanDuel Retail Sportsbook with Bally BetBally's Atlantic City has removed FanDuel from its Atlantic City retail sports betting location, replacing the brand with it's in-house Bally Bet branding.
Baca lebih lajut »