Sector: Apparels
Reliance AGM today: What to expect
The 46th Annual General Meeting (AGM) of Reliance Industries Limited (RIL) is being held on Monday. The RIL AGM is a major event for the Indian business community. The announcements made at the meeting could have a significant impact on the Indian economy. Investors are therefore eagerly awaiting the meeting to hear what Mukesh Ambani … Read more
Reliance Retail raises money from QIA at double the valuation in 3 yrs
Reliance Retail Ventures Limited (RRVL), a subsidiary of Reliance Industries (RIL) has announced raising Rs 8,278 cr from Qatar Investment Authority (QIA). Investment is raised at a pre-money equity valuation of Rs 8.278 lakh crore QIA will get 0.99% stake in RRVL on a fully diluted basis This fund raise effectively doubles RRVL’s valuation in … Read more
Sequoia completely exits Go Fashion
Sequoia has sold it’s remaining 10.18% in Go Fashion (GF), marking a complete exit from a decade old investment. It had acquired 33.3% stake in GF in November 2014 for Rs 60 cr Over years, it has pared it’s stake in the following manner Pre IPO in November 2021, Sequoia held 28.73% stake in the … Read more