Page 29 of Reliance Industries

The acquisition was through a combination of secondary stake purchase and primary investment. The founding team and management will own the balance stake in the company, RIL said in a statement on Sunday. (Representative image)

Reliance Retail buys 89% stake in Purple Panda Fashions for Rs 950 crore

Purple Panda Fashions owns and operates Clovia, a direct-to-consumer bridge-to-premium brand of innerwear and loungewear for women.

March 21, 2022 06:10 IST

Despite the inventory tightness, diesel cracks have corrected from $36 to $12 while Jet kero cracks have corrected from $28 to $13 in recent days.

Reliance Industries rating – Buy: Refining profits to improve in Q4

Petchem margins present risk to FY23 estimates though integrated operations will lower impact; ‘Buy’ retained

March 21, 2022 01:45 IST

The listed firms including Future Enterprises, Future Retail, Future Consumer, Future Lifestyle Fashions and Future Supply Chain will hold the meetings on April 20 and April 21, according to separate stock exchange filings by the companies.

Future group companies to convene shareholders’ meeting on April 20

In 2020, Future Group had signed a deal to sell its retail, logistics and warehousing businesses to Reliance Retail, a…

March 20, 2022 04:15 IST

The Supreme Court will hear the matter on March 23.

Restrain Reliance Industries from taking over Future stores: Amazon urges Supreme Court

The apex court will hear the matter on March 23

Updated: March 17, 2022 11:26 IST

To keep the business afloat and protect the interests of all shareholders, Reliance had signed fresh leases with these lessors and sub-leased them, on a leave-and-licence basis, to FRL.

‘Reliance action was unilateral’: Future Retail says stores’ takeover came as a surprise

Reliance Retail has taken steps to terminate the sub-leases of 947 Future Group’s stores and proposes to reopen them after…

March 17, 2022 04:15 IST

The report notes that the company’s efforts to broaden its digital capabilities through expansion of its e-commerce platform, JioMart, and several key acquisitions of e-commerce businesses may have led to its growth. (Representative image)

Reliance Retail is world’s second fastest-growing retailer: Deloitte report

Reliance Retail is also the only Indian company to be featured for the fifth year in a row among the…

March 17, 2022 01:30 IST

"FRL and its Board remain committed to taking all such action as may be necessary to seek value adjustments and reversal of takeover of the stores (leases) by Reliance Group. FRL and its Board are taking steps to arrive at a feasible solution which will be in the interests of all stakeholders," it said.

Would take steps for value adjustments, reversal of takeover of stores by Reliance, says FRL

According to the Future Group firm, since the last week of February 2022, Reliance Group has unilaterally terminated the leases…

March 16, 2022 18:52 IST

Fund managers went shopping for Infosys, RIL in February, sell TCS shares; check what mutual funds traded

Mutual funds deployed Rs 284 billion in secondary markets during the month with large-cap names such as Infosys and Reliance…

March 15, 2022 12:40 IST

Amazon calls Future store transfer to Reliance ‘fraud’

Amazon has been contesting the planned $3.4 billion sale of Future Group’s retail assets to Reliance, first announced in 2020,…

Updated: March 15, 2022 12:16 IST

Reliance to buy assets of battery firm Lithium Werks for USD 61 million

“Reliance New Energy Ltd, a wholly owned subsidiary of Reliance Industries Ltd, has today signed definitive agreements to acquire substantially…

Updated: March 14, 2022 20:51 IST

Reliance terminates sub-lease of 947 Future Group stores; to be reopened with ‘Reliance’ tag

Amazon has been objecting to the sale on the ground that it has a first right of refusal over Future…

March 11, 2022 04:15 IST

Reliance, Amazon, Future, termination notice, sub lease, stores, acquisition

Reliance terminates leases of 950 Future Retail, Lifestyle stores, weeks after taking over 200 Future stores

Future Group, in an exchange filing, said that Reliance Retail has sent termination notices to Future Retail and Future Lifestyle.…

March 10, 2022 12:20 IST

Boost for world’s biggest refining complex! Mukesh Ambani’s Reliance stepping in to supply diesel-starved Europe amid Ukraine crisis

Reliance Industries Ltd.’s Jamnagar facility is lifting crude processing and deferring planned maintenance to take advantage of surging demand for…

March 9, 2022 15:06 IST

Future - hit hard by the COVID-19 pandemic - decided to sell assets to Reliance. (File/Reuters)

Amazon’s battle with Reliance for India retail supremacy – Explained

After trading barbs in courtrooms for months, Amazon and Future unexpectedly agreed on March 3 to hold discussions to resolve…

March 8, 2022 17:03 IST

Nifty may remain under pressure, could reach 16000-15900; Reliance Industries among stocks to buy

As long as the index is trading below 16350, the selling pressure is likely to continue. Below which, the correction…

Updated: March 7, 2022 08:34 IST

‘The shops are gone’: How Reliance stunned Amazon in battle for India’s Future Retail

The legal wrangles had over time become increasingly high-stakes and marked by ugly rhetoric.

March 6, 2022 13:51 IST

Reliance Industries makes debut in electronics manufacturing with US firm

Last year, Bharti Enterprises had partnered with Dixon Technologies to make telecom equipment in the country.

March 4, 2022 01:53 IST

future group, amazon, reliance, supreme court, settlement, negotiation, CJI, legal battle, deal, acquisition

Amazon, Future agree to talk to attempt settlement, Chief Justice gives them 12 days, else court will step in

A Supreme Court bench led by Chief justice NV Ramana has given Amazon and Future Group 12 days’ time till…

March 3, 2022 15:55 IST

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