Reliance Industries

Indian multinational conglomerate

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November 2024 Disney Star joint venture deal was closed, with a reported value of $8.5 billion.
October 24 2024 Nvidia agreed to supply chips to Reliance and other Indian companies as part of an AI technology push.
July 2024 Reliance Industries received approval from the United States to resume importing oil from Venezuela, expanding its international oil trading capabilities.
May 2024 Jio Leasing Services Ltd (JLSL), a subsidiary of Jio Financial Services, announced plans to lease customer premises equipment, devices, and telecom equipment worth $4.32 billion from Reliance Retail.
March 2024 Reliance Industries partnered with Disney to introduce a new Reliance-Disney OTT (Over-The-Top) platform.
February 2024 Reliance Industries Ltd. and The BharatGPT group announced the launch of Hanuman, a large language model (LLM) AI system designed to work in 11 local languages across health, governance, financial services, and education sectors.
2023 Acquired V-Retail, a footwear and apparel retail company with 32 stores across Telangana, Andhra Pradesh, and Karnataka.
2023 Acquired Bismi, an electronics and grocery retail chain with 30 stores in Kerala.
October 2023 Abu Dhabi Investment Authority acquired a 0.59% stake in Reliance Retail with an investment of nearly $600 million.
August 2023 Qatar Investment Authority invested $1 billion in Reliance Retail, acquiring a 0.99% stake at a $100 billion company valuation.
April 2023 Launched Tira, an omnichannel beauty retailer.
March 2023 Reliance Consumer Products (RCPL) announced the relaunch of Campa Cola in three flavours at select stores.
2022 Acquired an 89% stake in Clovia, an Indian innerwear and loungewear company, for $125 million.
2022 Reliance Industries acquired the soft drink brand Campa Cola for ₹22 crores.
2022 Reliance Industries maintained business relations with Russia through energy deals with Rosneft, despite international sanctions imposed following Russia's invasion of Ukraine.
2022 At the RIL Annual General Meeting, Mukesh Ambani announced that his youngest son Anant Ambani will take over the new energy business.
2022 Mukesh Ambani announced the leadership transition during the 45th Reliance AGM, stepping down as chairperson of Reliance Retail and handing over the role to his daughter Isha Ambani Piramal.
2022 Mukesh Ambani appointed his son Akash Mukesh Ambani as the chairperson of Jio, marking a significant leadership transition within the Reliance Industries family business.
December 2022 Acquired Metro Cash & Carry India, gaining control of 31 stores with over 3 million B2B customers.
July 2022 Reliance Retail entered a franchising agreement with Gap to bring Gap stores to India.
April 2022 Reliance Retail called off a deal with Future Group after a prolonged legal dispute, subsequently taking over more than 200 of Future Group's retail outlets including Big Bazaar, Central, and Brand Factory, which were reopened as Smart Bazaar, Centro, and Fashion Factory.
February 2022 Reliance terminated leases of hundreds of Future Retail locations and took possession of brick-and-mortar shops, following a complex legal dispute involving Amazon's previous stake in Future Retail.
January 2022 Reliance Retail invested $200 million in Dunzo, acquiring a 25.8% stake in the company.
2021 Acquired Amante, a lingerie retailer and wholesale distributor in India and Sri Lanka.
2021 Acquired a 66% stake in local search company Justdial.
2021 Bought a 55% stake in Addverb, a Noida-based robotics company, for $132 million.
2021 Acquired an 85% stake in Zivame, an online lingerie and activewear retailer, for 1,200 crore.
October 2021 Reliance Retail partnered with 7-Eleven to franchise stores in India, opening India's first 7-Eleven store in Mumbai.
October 2021 Acquired a 96.49% stake in Milkbasket, a subscription-based daily micro-delivery service.
April 22 2021 RIIHL acquired the entire issued share capital of Stoke Park Ltd in Buckinghamshire, UK, for £57 million.
2020 Acquired a 96% stake in Urban Ladder, an omnichannel furniture and decor retailer, for 182 crore.
2020 Acquired a 60% stake in Netmeds' parent company Vitalic for approximately ₹620 crore.
2020 Acquired Shri Kannan Departmental Store, a retail chain with 29 stores in Coimbatore, for 152.5 crore.
2020 An arbitration case was held in Singapore regarding the Future Retail asset transfer, which was contested by Amazon.
2020 Intel invested ₹1,894.50 crore ($250 million) in Reliance Jio platforms, becoming the 12th company to invest in the digital platform. This investment brought the total investments in Jio platforms to ₹117,588.45 crore.
2020 Facebook invested in Jio Platforms, acquiring a 9.99% equity stake on a fully diluted basis.
October 2020 GIC (Singapore's sovereign wealth fund) purchased a 1.22% stake for $752 million. TPG also acquired a 0.41% stake for $250 million, setting Reliance Retail's pre-money valuation at $58.5 billion.
September 2020 Silver Lake investment: Bought a 1.75% stake in Reliance Retail for 7,500 crore. KKR also acquired a 1.28% stake for 5,500 crore, valuing the company at $58 billion.
July 16 2020 Google announced a 7.7% stake acquisition in Jio Platforms, contributing to the ongoing investment trend in the company's digital platforms.
May 2020 Launched JioMart widely during the COVID-19 lockdown.
May 2020 Reliance Industries sold approximately 1.15% stake in Jio Platforms to an unspecified investor.
April 2020 RIL announced a strategic investment in Jio Platforms, though specific details of the investment are not fully provided in the given text.
February 2020 Embibe acquired the rival platform OnlineTyari.
February 2020 Reliance Industries invested ₹89.91 crores in Embibe, an EdTech start-up based in Bengaluru, as part of a broader investment strategy over three years totaling around $180 million.
2019 Acquired multinational toy retailer Hamleys, marking a significant departure from organic growth.
2019 Amazon.com acquired a stake in a Future Retail subunit and obtained certain rights related to the potential transfer of the retailer's assets.
December 2019 Soft-launched online grocery service JioMart.
December 2019 Embibe acquired 90.5% equity share capital of K12 startup Funtoot (eDreams Edusoft) for ₹71.64 crores.
December 2019 Reliance Strategic Business Ventures Limited (RSBVL) bought a 51.78% stake in robotics and AI firm Asteria Aerospace for ₹23.12 crore and an 85% stake in NowFloats Technologies for ₹141.63 crores.
October 2019 Reliance Industries announced a corporate restructuring, creating Jio Platforms Limited as a subsidiary to house all digital initiatives and telecommunication assets.

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