Veteran lawyer Shardul Shroff has approached the Supreme Court on behalf of Torrent Investments to speed up the hearing on the company’s application to stay the second challenge mechanism in a corporate insolvency...
Reliance Brands buys majority rights of Superdry IP for Indian territory
Reliance Brands Ltd. (RBL), part of Mukesh Ambani’s oil-to-telecom conglomerate Reliance Industries Ltd., entered a joint venture deal with the UK-based clothing retailer Superdry PLC, securing rights to the brand’s...
Reliance Capital insolvency: NCLT rejects Torrents’s plea, to hear Hinduja’s resolution plan approval on September 26
The National Company Law Tribunal (NCLT) will hear on September 26 the resolution plan for debt-ridden Reliance Capital submitted by Hinduja Group firm Indusind International Holdings Ltd (IIHL) as Torrent...
KKR to invest ₹2,069 cr in Reliance Retail, raise stake to 1.42%
Global investment firm KKR is set to raise its stake in Reliance Retail Ventures Ltd (RRVL) from 1.17% to 1.42% by infusing ₹2,069 crore through an affiliate. In 2020, KKR had invested ₹5,550 crore for the first time in...
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. ET was the first to report on July 17 on the possible...
Reliance Capital sells 45% stake in home finance arm for Rs 54 crore
Reliance Capital sold a 45% stake in listed subsidiary Reliance Home Finance for Rs 54 crore in the open market, a move that will improve recovery for lenders. Reliance Capital, an erstwhile Anil Ambani’s finance...
SC refuses to restrain NCLT’s insolvency proceedings in Reliance Capital case
The Supreme Court on Friday refused to restrain the National Company Law Tribunal from deciding the insolvency resolution process of Reliance Capital. The committee of creditors of debt-ridden Reliance Capital had in...
Reliance Industrial Investments becomes RIL promoter, buys 3.56% in Petroleum Trust
Reliance Industrial Investments and Holdings Limited (RIIHL) has become the promoter entity of Reliance Industries Limited, following the acquisition of a 3.56% stake in Petroleum Trust, another promoter entity...
Reliance Industries announces completion of Radisys-Mimosa acquisition
Reliance Industries-owned Jio Platform has completed the acquisition of US-based communications equipment maker Mimosa Networks for $60 million through its wholly owned subsidiary Radisys Corporation, informed the...
Reliance ARC files plea against Vidarbha Industries’ debt sale
Anil Ambani-promoted Reliance ARC has submitted a writ petition against the Reserve Bank of India in the Bombay High Court opposing the Swiss challenge method during the debt sale of Vidarbha Industries Power, which has...
Reliance Capital sells 45.43% stake in Reliance Home Finance for ₹54.5 crore
Anil Ambani’s Reliance Capital sold 45.43% (22,03,69,188) equity shares in Reliance Home Finance for ₹54.5 crore in open market, the company said in a stock exchange filing. With this move, the shareholding of the...
Qatar sovereign fund looking to pick stake in Ambani’s Reliance Retail: Report
Qatar’s sovereign wealth fund Qatar Investment Authority (QIA) is looking to get a minority stake in Indian billionaire Mukesh Ambani’s Reliance Retail Ventures, the Financial Times reported, citing sources...