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General Atlantic will invest Rs 3,675 crore to buy a 0.84 per cent stake in Reliance Retail Ventures Ltd (RRVL), Reliance Industries said in a statement.(REUTERS)

Reliance Industries shares gain 1% after General Atlantic deal

Mumbai | By Press Trust of India| Posted by Susmita Pakrasi
UPDATED ON SEP 30, 2020 12:00 PM IST
This is the third private equity investment in Reliance Retail, following US-based private equity firm Silver Lake’s Rs 7,500-crore investment for a 1.75 per cent stake and global private equity firm KKR’s Rs 5,550 crore investment for a 1.28 per cent stake earlier this month.
Mukesh Ambani, Chairman and Managing Director of Reliance Industries, attends the company's annual general meeting in Mumbai, August 12, 2019.
Mukesh Ambani, Chairman and Managing Director of Reliance Industries, attends the company's annual general meeting in Mumbai, August 12, 2019.

General Atlantic to invest $498.31 million in Reliance’s retail arm

Bengaluru | By Reuters | Posted by Arpan Rai
UPDATED ON SEP 30, 2020 09:09 AM IST
The investment gives Reliance Retail a pre money valuation of 4.29 trillion rupees ($58.17 billion).

Hexaware delisting plan comes after multiple failed exits

Hindustan Times, Mumbai | By Swaraj Singh Dhanjal and Jayshree P. Upadhyay
PUBLISHED ON JUN 08, 2020 04:59 AM IST
Baring has been looking to exit Hexaware for several years, but every time, the private equity firm tried to sell, the company’s valuation soared, deterring potential buyers.
The transaction takes investment raised by Jio in recent weeks to almost $9 billion, including stakes sold to Facebook Inc, Silver Lake and Vista Equity Partners.(Reuters file photo)
The transaction takes investment raised by Jio in recent weeks to almost $9 billion, including stakes sold to Facebook Inc, Silver Lake and Vista Equity Partners.(Reuters file photo)

Reliance Industries gain over 1% in early trade after General Atlantic deal

Hindustan Times, New Delhi | By hindustantimes.com| Edited by: Meenakshi Ray
UPDATED ON MAY 18, 2020 10:46 AM IST
The shares of RIL opened at Rs 1470 and touched an intraday high and low of Rs 1482 and Rs 1459.4, respectively, in the session so far. RIL stock quoted a 52-week high of Rs 1601.69 and a 52-week low of Rs 867.06.
The transaction takes investment raised by Jio in recent weeks to almost $9 billion, including stakes sold to Facebook Inc., Silver Lake and Vista Equity Partners.(Reuters file photo)
The transaction takes investment raised by Jio in recent weeks to almost $9 billion, including stakes sold to Facebook Inc., Silver Lake and Vista Equity Partners.(Reuters file photo)

Reliance Jio gets $873 million investment from General Atlantic

By Bloomberg| Posted by: Harshit Sabarwal
PUBLISHED ON MAY 18, 2020 08:27 AM IST
The U.S.-based private equity fund’s agreement to take a 1.3% stake sets an enterprise value of 5.16 trillion rupees ($68 billion) for the digital services business of Ambani’s Reliance Industries Ltd., the Mumbai-based company said Sunday.
A woman rides her scooter past advertisements of Reliance Industries' Jio telecoms unit, in Ahmedabad, India, July 5, 2018.(REUTERS FILE)
A woman rides her scooter past advertisements of Reliance Industries' Jio telecoms unit, in Ahmedabad, India, July 5, 2018.(REUTERS FILE)

General Atlantic to invest $873 million in Jio platforms

Bloomberg | By Bloomberg | Posted by Harshita Singh
UPDATED ON MAY 17, 2020 07:04 PM IST
The deal to acquire a 1.3% stake values Jio Platforms at an enterprise value of 5.16 trillion rupees ($68 billion), the company said.
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