Future Value Retail
Big Bazaar and Fod Bazaar will transferred to a Subsidiary called ” Future Value Retail “.
This unit will be functioning independently. The company may launch an IPO in future . May be possible.
The company may look to unlock value through this subsidiary in future.
The entire work will be over in 3 months.
Closely-held retail chain major Subhiksha has quietly crafted a strategy to become a listed entity even as a volatile stock market is upsetting the plans of many companies wanting to go public.
Subhiksha, India’s largest food and grocery discount retailer, announced it is acquiring a majority stake in a Chennai-based listed company, Blue Green Constructions and [...]
GIC to buy out 25.4% stake in Reid & Taylor for Rs 900 cr
Apparel maker S Kumar’s Nationwide (SKNL) on Tuesday announced that an affiliate of GIC Special Investments will acquire 25.4% stake in its wholly-owned unlisted subsidiary Reid & Taylor for Rs 900 crore. The deal, that will be executed through a mix of [...]
The Reliance Retail Limited (RRL) announed the launch of its third Jewellery specialty store “Reliance Jewels” and the first in North India, in Ludhiana today.
Spread across two floors, the over 5000 sq feet store offers over 20,000 designs of exquisitely crafted jewellery from across the country to make it a one-stop shopping destination for fine [...]
Reliance Retail, promoted by Reliance Industries, has opened 700 stores in 14 different formats in 60 cities of the country in the last two years of its operation.
Its food and grocery chain Reliance Fresh has 600 stores across the country.
“We estimate that our retail business will generate in excess of half a million jobs directly [...]
Reliance Industries Ltd plans to expand its polyester business, including by acquisitions, and the refinery of a subsidiary would open ahead of schedule this year, chairman Mukesh Ambani said on Thursday.
Ambani, ranked by Forbes Magazine as the world’s fifth-richest man, also told a shareholders’ meeting that Reliance would seek opportunities in alternative energy as a [...]
Pantaloon Retail, the flagship enterprise of Future Group, has signed a 50-50 joint venture agreement with French apparel firm Celio to add to its garment retailing in India.
The company is also planning to add another 3-4 million sq ft of retail space in the current fiscal through its different formats.
“We have formed a joint venture [...]
Mudra Lifestyle Ltd said on Tuesday it had received an export order worth Rs 15 crore and a domestic order worth Rs 20 crore.
The orders will be executed within four months, it said in a statement.
Reliance Retail IPO : Reliance Retail IPO ?
Reliance Retail IPO : Reliance Retail , a Subsidiary of Reliance Industries Ltd , is rumoured to be going for an IPO.
If the news is true , then RIL Shareholders can rejoice.RIL shares has been hovering between 2700-2900.RS .
Reliance has recently entered the retail market and is aggressively working on introducing a pan-India network of retail outlets in multiple formats.
Indiabulls Real Estate has acquired Piramal groupstake in Piramyd Retail
Indiabulls Real Estate (IBREL) has acquired the Ashok Piramal group’s 63.9% stake in Piramyd Retail for Rs 208 crore, kick-starting the first phase of consolidation in the nascent Indian retail space.
The acquisition has been routed through IBREL’s 100% subsidiary, Indiabulls Wholesale Services. Indiabulls will also make [...]
Subhiksha IPO : Subhiksha defers IPO indefinitely
India’s largest chain of supermarkets Subhiksha Trading Services Ltd is indefinitely delaying a planned initial public offering (IPO) because it has enough money to fund its expansion and will look for a listing at a “later point of time” as the stock market builds on its highs.
It prefers bank [...]
Mukesh Ambani-owned Reliance Retail Limited (RRL) has announced its foray into gems and jewellery trade with the aim of opening 300 ‘Reliance Jewels’ outlets across the country during the next three years.
The company launched its first such Reliance Jewels speciality store in [...]
Under attack from small shopkeepers and farmers in several states for its retail initiative, Reliance Industries chairman Mukesh Ambani today took pains to explain how Reliance Retail has always been a friend of these two important constituencies.
“We are sensitive to the interests of small shopkeepers. Our retail initiative will, in no way, jeopardise their interests [...]