Motilal Oswal: First Deal In Reliance Retail; More Could Follow

BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy..Motilal Oswal Report.Reliance Industries Ltd. has announced that Silver Lake would invest Rs 75 billion in Reliance Retail Ventures Ltd. (RRVL) at pre-money equity value of Rs 4.21 trillion.At an estimated net debt of Rs 100 billion, the enterprise value stands at Rs 4.31 trillion.This implies 1.75% stake at post-money equity value of Rs 4.29 trillion.We understand this is fresh capital infusion in the company unlike the stake sale done in Jio Platforms.Media reports suggest that more investments could follow in Reliance Retail.These reports are in line with the Chairman and Managing Director’s comments in the Reliance Industries annual general meeting about strategic stake sale in Reliance Retail, which would aid in nurturing its new ventures like Jiomart..Click on the attachment to read the full report:.DISCLAIMERThis report is authored by an external party. BloombergQuint does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the brokerage and do not represent the views of BloombergQuint. .Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

Motilal Oswal: First Deal In Reliance Retail; More Could Follow

Motilal Oswal: First Deal In Reliance Retail; More Could Follow

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