Mukesh Ambani News: Aims for Rs 25,000-40,000 Crore in Ambitious Venture: Reliance Retail Submits Proposal

- Advertisement -

Mukesh Ambani News: Aims for Rs 25,000-40,000 Crore in Ambitious Venture: Reliance Retail Submits Proposal

Warehousing assets

This follows reports in April this year that Reliance Industries Limited, the flagship company of Mukesh Ambani, was preparing to monetise its retail warehousing assets with an InvIT of up to USD 3 billion.

- Advertisement -

Reliance Retail, founded by Asia’s richest man, Mukesh Ambani, is looking to raise up to INR 40000 crores through an Infrastructure Investment Trust. According to an Indian retail publication, the firm submitted a draft InvIT proposal with market regulator SEBI on Friday.

Mukesh Ambani News

According to the report, based on people familiar with this matter, Reliance Retail Investments Ltd will start raising around 400 million Indian rupees in the next two months. The trust shall be set up in the initial round of funding.

- Advertisement -

This follows reports in April this year that Reliance Industries Limited, the flagship company of Mukesh Ambani, was preparing to monetise its retail warehousing assets with an InvIT of up to USD 3 billion.

Mukesh Ambani News: 25000-40000 cr,

The source has also informed me that invIT will eventually be able to finance itself from the amount of INR 25000-40000 cr, which is most likely going to take place by Q4.

- Advertisement -

A few days ago, it was reported that in addition to other important Ambani groups, Reliance Retail has been valued by brokerage firm Bernstein at a massive $112 billion. In the last few months, Reliance Retail has substantially expanded its presence in the Offline Market.

Mukesh

In addition, Reliance Retail’s valuation has been revealed to have shot up recently. Bernstein, one of the leading brokerage firms worldwide, valued Reliance Retail at a mindboggling $112 billion and makes it one of the largest undertakings on the global market. This valuation also underlines this company’s extraordinary expansion, in particular during the past several months when it expanded into offline markets.

With Mukesh Ambani’s Reliance Retail undertaking such a strategic and ambitious financial move, the industry is waiting to see how it will affect the company and the broader business environment.

- Advertisement -

Latest articles

Related articles

Leave a reply

Please enter your comment!
Please enter your name here