The worlds largest technology investor Silver Lake announced that it will invest approximately $1.127 billion into Reliance Retail, a subsidiary of Reliance Industries in India. Silver Lakes investment will translate into a 1.75% equity stake in Reliance Retail on a fully diluted basis.
- Reliance Retail operates India’s largest, fastest growing and most profitable retail business serving close to 640 million footfalls across its ~12,000 stores nationwide.
- Earlier in May 2020, Jio Platforms announced that Silver Lake will invest approximately $850 million into Jio Platforms. Jio is building a Digital Society for India with various apps and digital ecosystems.
The major deals and supports by Reliance Industries are featured below:
Aug 2020: The leading investment company British Columbia Investment Management Corporation, along with Brookfield Infrastructure Partners L.P, announced acquisition of a 100 per cent stake in a telecom tower company in India from a wholly-owned subsidiary of Reliance Industries Limited for approximately US$3.4 billion.
Aug 2020: Reliance Industries Limited announced that its subsidiary Reliance Retail Ventures Limited (RRVL) to acquire the Retail & Wholesale Business and the Logistics & Warehousing Business from the Future Group for approximately $3.6 billion.
Aug 2020: Reliance Retail Ventures Limited (RRVL) a subsidiary of Indias leading organisation Reliance Industries Limited (RIL) has acquired a majority equity stake in Vitalic Health Pvt. Ltd. and its subsidiaries (Collectively known as Netmeds) for approximately $93 million.
July 2020: The search engine giant Google LLC announced a binding agreement with Jio Platforms Limited a subsidiary of Reliance Industries, for an investment of approximately $5 billion. Googles investment will translate into a 7.73% equity stake in Jio Platforms on a fully diluted basis.
July 2020: The wireless technologies leader Qualcomm Incorporated announced that its investment arm Qualcomm Ventures to invest approximately $110 million in Jio Platforms a leading digital platform provider in India. Qualcomm Ventures investment will translate into 0.15% equity stake in Jio Platforms on a fully diluted basis.
July 2020: The global energy company bp and Indias Reliance Industries Limited (RIL) announced the start of their new Indian fuels and mobility joint venture, Reliance BP Mobility Limited (RBML). As per earlier agreement bp has paid RIL $1 billion for a 49% stake in the joint venture, with RIL holding 51%.
July 2020: Jio Platforms Limited a wholly-owned subsidiary of Reliance Industries announced that Intel Capital will invest approximately $285 million in Jio Platforms. Intel Capitals investment will translate into a 0.39% equity stake in Jio Platforms on a fully diluted basis.
June 2020: Jio Platforms Limited, a wholly-owned subsidiary of Reliance Industries announced that global alternative asset firm TPG will invest approximately $683 million in Jio Platforms.
June 2020: Reliance Industries subsidiary Jio Platforms announced that Abu Dhabi state fund Mubadala Investment Co. of UAE will purchase around 1.85% stake of Jio Platforms, for approximately $1.21 billion.
May 2020: Jio Platforms, announced that KKR will invest approximately $1.7 billion into Jio Platforms. This is KKRs largest investment in Asia and will translate into a 2.32% equity stake in Jio Platforms on a fully diluted basis.
About Reliance Industries Limited
Reliance Industries Limited, headquartered in Mumbai, India, is a leading multinational company. RILs activities include petroleum refining and marketing, hydrocarbon exploration and production, petrochemicals, retail and digital services. The companys products and services portfolio touches almost all Indians on a daily basis, across economic and social spectrums.