The Director of Reliance Retail Ventures Limited said that the company plans to enter the segment with a curated design-led experience
Isha Ambani, Akash Ambani and Anant Ambani to be appointed Non-Executive Directors of the company
Along with inaugurating the Tira app and website, the company announced the opening of its flagship Tira store at Jio World Drive in Bandra Kurla Complex in Mumbai
The deal is valued at Rs 74 crore
At the RIL AGM, Ambani strongly hinted that his children will ultimately helm the conglomerate’s various units
Jio Drive-in will open on November 5
This investment values Reliance Retail at a pre-money equity value of ₹ 4.285 lakh crore
General Atlantic’s investment will translate into a 0.84% equity stake in RRVL on a fully diluted basis
The acquisition has been made for a cash consideration of approximately Rs 620 crore