RIL completes fundraise of 47,265 crore for retail structure
By MYBRANDBOOK
The current phase of partner induction and fund raise exercise for RRVL was successfully completed by Reliance Industries Limited (RIL) and Reliance Retail Ventures Limited (RRVL).
RRVL received cumulative subscription amount of ₹ 47,265 crore from the following financial partners and allotted 69, 27, 81,234 equity shares to them.
“We are proud to have such strong and reputed partners in RRVL. We feel honoured by the phenomenal interest shown by investors in our business and look forward to working with our partners to benefit from their experience and global connectivity. With our focus on New Commerce, we are committed to playing a transformational role in the Indian retail sector by empowering millions of merchants and micro, small and medium enterprises,” says Isha Mukesh Ambani, Director of Reliance Retail Ventures Limited.
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