Reliance Industries has secured a dual-currency loan worth the equivalent of USD 2.9 billion, according to a report by Bloomberg.
Following the ‘Operation Sindoor’ strike on Tuesday, producers and banners have filed trademark applications to secure the title for media productions.
The company also said in its official statement that it has become the first Indian company to post a net worth exceeding Rs 10 trillion.
Anant Ambani, the youngest son of Reliance Industries Chairman Mukesh Ambani, has completed his 170-km-long ‘padyatra’ from Jamnagar to Dwarka. Anant’s yatra was completed on the occasion of Ram Navami on Sunday.
The Reliance Industries Limited on Thursday signed an MoU with the Maharashtra government to invest approximately Rs 3.05 lakh crore which is projected to create more than 3,00,000 jobs.
Morgan Stanley acted as financial advisor to Reliance Retail and Cyril Amarchand Mangaldas and Davis Polk & Wardwell acted as legal counsels.
Reliance Retail Ltd, a Subsidary of RRVL, operates about 12,000 stores in nearly 7,000 towns, with 640 million footfalls.
The investment will add fire to Ambani's battle for dominance in the retail market that is also being eyed by Jeff Bezos' Amazon.
This is the second billion-dollar investment by Silver Lake in RRVL after the $1.35 billion investment in Jio Platforms announced earlier this year.
The latest investment in RRVL comes roughly two weeks after US private equity firm Silver Lake Partners agreed to buy 1.75 per cent stake.
