Global investment major KKR has upped its stake in Mukesh Ambani’s Reliance Retail Ventures with an additional investment of ₹2,069.50 crore (nearly $250 million), which elevates the valuation of the company to a staggering $100 billion. This follow-on investment boosts KKR’s equity stake in Reliance Retail to 1.42% on a fully diluted basis owing to … [Read more…]
In a strategic move, American retail giant Walmart revealed that it has spent a total of $3.5 billion over the first six months of this year in order to acquire additional stake in Flipkart from non-controlling stakeholders. This substantial investment includes the purchase of shares held by co-founder Binny Bansal, as well as investments by … [Read more…]
Tiger Global is adding another handsome exit to its list of Indian startup exits. The firm wrapped up its latest exit in India this year by selling its remaining stake in Zomato for ₹1,123.85 crore through open market transactions. This exit marks the culmination of Tiger Global’s investment journey with Zomato, one of the largest … [Read more…]
In a significant development, Mukesh Ambani’s Reliance Industries Ltd. is on track to acquire the India operations of mass media and entertainment giant Walt Disney. According to several reports, the Indian conglomerate is on the cusp of finalizing a monumental cash and stock deal with Walt Disney Co. in a bid to secure a significant … [Read more…]