Lenders of Vidarbha Industries Power will hold a Swiss challenge auction on August 8 among the three shortlisted asset reconstruction companies (ARCs), said people aware of the development. Lenders have shortlisted...
Qatar Investment Authority looking to buy 1% stake in Reliance Retail
Qatar Investment Authority (QIA), the country’s sovereign wealth fund, is looking to buy a minority stake in Reliance Retail Ventures, Financial Times (FT) reported. It said that QIA is considering a $1 billion...
Reliance set to buy Alia Bhatt’s Ed-a-Mamma for Rs 300-350 crore
Reliance Brands Ltd is in talks to fully acquire actress Alia Bhatt’s children wear brand Ed-a-Mamma for ₹300-350 crore, two industry executives said. Reliance Brands is a subsidiary of Reliance Retail Ventures...
Administrator files Hinduja’s resolution plan for Reliance Capital at NCLT
The administrator of Reliance Capital has filed the resolution plan given by the Hinduja group entity IndusInd International Holding, approved by lenders, with the National Company Law Tribunal, said people aware of the...
Reliance Retail plans to buy out minority shareholders
Mukesh Ambani-controlled Reliance Industries Ltd (RIL) is looking to buy out the minority shareholders of Reliance Retail Ltd for a total sum of up to ₹1,071.27 crore and make its step-down retail unit into a fully...
NCLT approves demerger of financial services unit of Reliance Industries
Reliance Industries Ltd announced on July 6 that the National Company Law Tribunal (NCLT) has given its nod to the demerger of the company’s financial services undertaking and its listing. Reliance had previously...
Reliance Power makes a higher offer to lenders for Vidarbha Industries
Anil Ambani-promoted Reliance Power has made a revised and improved debt-settlement offer of `1,260 crore to the lenders of its Vidarbha Industries Power subsidiary, said people aware of the development. Reliance Power...
Reliance completes acquisition of 51% stake in Lotus Chocolate Company
Reliance Consumer Products (RCPL), the fast-moving consumer goods (FMCG) arm of Reliance Retail Ventures (RRVL), announced on Thursday that it has finalised the acquisition of a controlling stake in Lotus Chocolate...
METRO completes ₹2,850 cr deal with Reliance Retail to sell its India Cash & Carry business
German retailer METRO AG announced the completion of the sale of its Indian cash & Carry business to Reliance Retail Ventures Ltd (RRVL), which holds the retail empire of Reliance Industries Ltd. The deal includes...
Reliance shareholders and creditors approve demerger of financial services arm
Billionaire Mukesh Ambani-led Reliance Industries Limited’s shareholders, with its secured and unsecured creditors, on May 4 permitted the demerger of the company’s financial services firm – Reliance Strategic...
Reliance, Adani, Vedanta among companies in race for Bhadreshwar Vidyut
Reliance Industries, Adani Power, Torrent Power, Vedanta and Jindal Power are among 14 companies that have shown interest in acquiring Gujarat-based Bhadreshwar Vidyut, which is undergoing insolvency, said people aware...
Reliance Consumer ties up with Ceylon Beverage to co-pack and manufacture Campa cans
Reliance Consumer Products (RCPL) has entered into a strategic partnership with Ceylon Beverage International, one of the largest beverage can and filling companies in Sri Lanka promoted by former cricketer Muthiah...