Connect with us


RIL receives Rs 5,512.5 crore from GIC for Reliance Retail, company allots shares

Singapore-based investment company GIC has issued a subscription amount of 5512.5 million crores for a 1.22% stake in Reliance Industries (RIL), a company led by Mukesh Amban. announced the exchanges on 16 October. Today, the company’s subsidiary Reliance Retail Ventures Limited received a subscription amount of 5,512.50 crores from Gamnat Pte Ltd and Lathe Investment Pte. Earlier this month, Reliance announced the deal with an investment firm that estimated the pre-monetary value of Reliance Retail at 4,285 Crore lacquer.

View Full Article


This news content is a computer generated summarized version of the original article and the authenticity of the original content has not been verified. Please click on the View Article button to refer to the actual content.