Qatar Investment Authority invested in edtech company in 2019 and 2022
Shriram Finance Limited (SFL) decided to sell its housing finance business to focus more on its core operations and secure growth capital
The Adani group shares, which had crashed after a report by the short seller Hindenburg Research in Jan 2023, recovered after the promoters sold their shares in various group cos to GQC Partners
Group plans to fund airport expansion, green hydrogen biz
Founded in 2011 by Singh, the company currently operates 422 company-owned and managed dental clinics under the 'Clove Dental' banner, spread across 24 cities in 12 states
The funds divested in Reliance Retail amount to 11.31 per cent of the stake, for which investors have forked out Rs 57,562 crore
ADIA already holds a 1.20 per cent stake in Reliance Retail Ventures Limited (RRVL), which it bought in October 2020 for Rs 5,512.50 crore ($751 million)
Reliance Industries on Wednesday said it has received Rs 8,278 crore from Qatar Investment Authority (QIA) for around 1 per cent stake in Reliance Retail Ventures Ltd (RRVL), the retail arm of billionaire Mukesh Ambani-led group. As per the deal, it has allotted 6.86 crore equity shares to QIA of RRVL, which is the leading retailer in the country, said a regulatory filing from Reliance Industries Ltd (RIL). "Reliance Retail Ventures Ltd today received the subscription amount of Rs 8,278 crore from Qatar Holding LLC (QIA) and allotted 6,86,35,010 equity shares to QIA," said RIL. The investment is made by QIA's wholly-owned subsidiary into India's largest retailer at a valuation of Rs 8.278 lakh crore (USD 100 billion). Earlier on August 23, RIL had announced divesting 1 per cent stake in RRVL to QIA for a consideration of Rs 8,278 crore (USD 1 billion). Updating about the development, Reliance Industries had said: "QIA's investment will translate into a minority equity stake of 0.9
Retail arm of Reliance Industries valued at pre-money equity value of Rs 8.28 trn
BENGALURU (Reuters) - Qatar Investment Authority (QIA) likely picked up shares worth $500 million in India's Adani Green Energy via block deals on Monday
Those investors included KKR & Co and Saudi Arabia's Public Investment Board (see chart). RIL and its associate firms own the rest of the stake in RRVL
QIA is considering a $1 billion investment to buy a 1% stake bringing the valuation of Mukesh Ambani's retail unit to $100 billion
The funding will fuel the company's innovation pipeline allowing further investments in talent, partnerships, and technology
The Competition Commission of India (CCI) on Thursday said it has approved the proposed investment by Qatar Investment Authority in BTS Investment 1 Pte (BTS1), a Singapore-based pooled vehicle. QIA is a sovereign wealth fund of the State of Qatar, while BTS1 is an investment venture firm of James Murdoch's Lupa Systems and ex-chairman of Star and Disney India Uday Shankar. The proposed transaction relates to the proposed investment by Qatar Investment Authority in BTS1, which is raising capital from various investors for its investment in Viacom18, CCI said. Last year in February, Murdoch and Shankar announced the formation of the firm, Bodhi Tree Systems (BTS) raising up to USD 1.5 billion from QIA. Thereafter, in April, BTS said that it will invest Rs 13,500 crore in broadcaster Viacom18 as part of a tripartite partnership with billionaire Mukesh Ambani's Reliance, to form one of the largest TV and digital streaming firms in India. In September 2022, fair-trade regulator CCI on
The new entity, which will be a wholly-owned subsidiary of Byju's in Qatar, will introduce Byju's personalised and innovative learning offerings to the region
Bodhi Tree will seek investments in media and consumer technology in Southeast Asia, with a focus on India
Lupa systems and Uday Shankar enter into a strategic partnership to form 'Bodhi Tree'
Facility to be available for FDI proposals worth over Rs 3,000 cr
Several markets and business models are emerging and will co-exist in India.
Besides, the fair trade regulator also approved acquisition of GVK Airport Holdings Ltd by Green Rock B 2014 Ltd, the National Investment and Infrastructure Fund (NIIF) and Indo-Infra Inc.