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MarketScreener Homepage  >  Equities  >  NSE India Stock Exchange  >  Reliance Industries Ltd    RELIANCE   INE002A01018

RELIANCE INDUSTRIES LTD

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Reliance Industries : Middle East funds eye stakes in retail arm of India's Reliance - FT

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09/09/2020 | 01:20pm EDT
FILE PHOTO: A bird flies past a Reliance Industries sign in Ahmedabad, India

Middle East sovereign wealth funds, including the Abu Dhabi Investment Authority (ADIA) and Saudi Arabia's Public Investment Fund (PIF), are in talks to buy stakes in the retail arm of Indian billionaire Mukesh Ambani's Reliance Industries Ltd, the Financial Times reported on Wednesday.

ADIA is in discussions to invest about $750 million at a valuation of roughly $57 billion, while PIF could funnel as much as $1.5 billion into Reliance Retail, the FT said, citing people familiar with the matter. (https://on.ft.com/3k0ONwv)

Abu Dhabi investment firm Mubadala may also take a stake, according to the report.

ADIA and PIF declined to comment, while Mubadala and Reliance Industries did not immediately respond to requests for comment.

The discussions come as Reliance earlier in the day said U.S. private equity firm Silver Lake Partners will invest $1.02 billion in its retail business.

KKR & Co Inc is in advanced talks to invest at least $1 billion in Reliance Retail, Bloomberg reported on Wednesday.

Reliance has been aggressively building its retail presence through acquisitions, moving beyond its mainstay oil and gas business. The company has said it aims to attract investors in Reliance Retail over the next few quarters.

The conglomerate has raised a little more than $20 billion from global investors, including Facebook Inc, by selling stakes in its Jio Platforms digital business.

(Reporting by Rama Venkat in Bengaluru; Editing by Sriraj Kalluvila)

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Financials
Sales 2021 5 306 B 71 797 M 71 797 M
Net income 2021 421 B 5 698 M 5 698 M
Net Debt 2021 1 020 B 13 799 M 13 799 M
P/E ratio 2021 33,7x
Yield 2021 0,30%
Capitalization 13 849 B 187 B 187 B
EV / Sales 2021 2,80x
EV / Sales 2022 2,13x
Nbr of Employees 195 618
Free-Float 50,9%
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Technical analysis trends RELIANCE INDUSTRIES LTD
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Income Statement Evolution
Consensus
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Mean consensus OUTPERFORM
Number of Analysts 28
Average target price 2 187,68 INR
Last Close Price 2 181,20 INR
Spread / Highest target 14,6%
Spread / Average Target 0,30%
Spread / Lowest Target -39,5%
EPS Revisions
Managers
NameTitle
Mukesh Dhirubhai Ambani Chairman & Managing Director
Srikanth Venkatachari Joint Chief Financial Officer
Alok Agarwal Joint Chief Financial Officer
Nikhil Rasiklal Meswani Executive Director
Hital Rasiklal Meswani Executive Director
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