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While I have a full long thread on the sale of stake for Jio Platforms Limited by Reliance Industries Limited, the stake sale they are doing for Reliance Retail Ventures Limited is unprecedented in its own scale and form.
#THREAD on Reliance Retail Ventures Limited (RRVL).
#THREAD on Reliance Retail Ventures Limited (RRVL).
Beginning on 18th August 2020, RRVL first acquired Vitalic Health Private Limited and its subsidiaries - Tresara Health Private Limited, Netmeds Market Place Limited and Dadha
Pharma Distribution Private Limited - collectively known as Netmeds - for an amount of ₹620 cr.
Pharma Distribution Private Limited - collectively known as Netmeds - for an amount of ₹620 cr.
The amount translated to a 60% equity share in Vitalic Health Private Limited and a full 100% equity stake buyout of all its subsidiaries. This was their first major step into e-commerce pharmaceutical distribution. #RRVL #Netmeds
On 29th August 2020, RRVL announced a buyout of the Retail, Wholesale, Logistics and Warehousing Businesses of Future Enterprises Limited for a total sum of ₹24,713 cr. This includes the brands - Big Bazaar, Central, E-Zone, fbb, ALL, Nilgiris, Heritage Fresh, WHSmith
(contd.)
(contd.)
Brand Factory, EasyDay, 7-Eleven, Aadhaar Retail, Lee Cooper, John Miller, CoverStory, Indigo Nation, Scullers, Knighthood, DJ&C, Bare, UMM, and Ancestry. These brands will now be owned by Reliance Retail and
Fashion Lifestyle Limited (RRFLL), a subsidiary of RRVL.
Fashion Lifestyle Limited (RRFLL), a subsidiary of RRVL.
The supply chain and logistics arm will now be owned fully by RRVL.
This makes them the largest retailer in the country currently.
This makes them the largest retailer in the country currently.
09.09.2020 - @silverlake_news - ₹7,500 cr - 1.75%
23.09.2020 - @KKR_Co - ₹5,550 cr - 1.28%
30.09.2020 - @silverlake_news (additional) - ₹1,875 cr - 0.38%
30.09.2020 - @generalatlantic - ₹3,675 cr - 0.84%
01.10.2020 - @Mubadala - ₹6,247.50 cr - 1.40%
23.09.2020 - @KKR_Co - ₹5,550 cr - 1.28%
30.09.2020 - @silverlake_news (additional) - ₹1,875 cr - 0.38%
30.09.2020 - @generalatlantic - ₹3,675 cr - 0.84%
01.10.2020 - @Mubadala - ₹6,247.50 cr - 1.40%
02.10.2020 - GIC (Singapore) - ₹5,512.50 cr - 1.22%
03.10.2020 - @tpg - ₹1,837.50 cr - 0.41%
Total - ₹32,197.50 cr - 7.28% offloaded
What a behemoth they are creating. All the money spent buying Future Retail and its subsidiaries is fully recovered
#RelianceRetail #India
03.10.2020 - @tpg - ₹1,837.50 cr - 0.41%
Total - ₹32,197.50 cr - 7.28% offloaded
What a behemoth they are creating. All the money spent buying Future Retail and its subsidiaries is fully recovered
#RelianceRetail #India
#UPDATE
Abu Dhabi Investment Authority (ADIA) has invested a total of ₹5,512.50 cr for a total of 1.20% equity stake in Reliance Retail Ventures Limited (RRVL).
Total - ₹37,710 cr - 8.48% offloaded as on today.
Moving along the Jio Platforms way now :) #RIL #RRVL
Abu Dhabi Investment Authority (ADIA) has invested a total of ₹5,512.50 cr for a total of 1.20% equity stake in Reliance Retail Ventures Limited (RRVL).
Total - ₹37,710 cr - 8.48% offloaded as on today.
Moving along the Jio Platforms way now :) #RIL #RRVL
#UPDATE
Public Investment Fund (PIF) of Saudi Arabia has invested an amount of ₹9,555 cr for an equity stake of 2.04% in Reliance Retail Ventures Limited (RRVL).
Total - ₹47,265 cr - 10.52% offloaded.
#RIL #RRVL
Juggernaut rolls slowly amidst the pandemic. :)
Public Investment Fund (PIF) of Saudi Arabia has invested an amount of ₹9,555 cr for an equity stake of 2.04% in Reliance Retail Ventures Limited (RRVL).
Total - ₹47,265 cr - 10.52% offloaded.
#RIL #RRVL
Juggernaut rolls slowly amidst the pandemic. :)
Reliance Retail Ventures Limited (RRVL) has announced a 100% stake buyout of the e-retailer for furniture @UrbanLadder for an amount of ₹182.12 crores. They have also announced that an additional investment of ₹75 crores will be made into the firm by the end of December 2023.
