Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON
  1. Homepage
  2. Equities
  3. India
  4. NSE India Stock Exchange
  5. Reliance Industries Ltd
  6. News
  7. Summary
    RELIANCE   INE002A01018

RELIANCE INDUSTRIES LTD

(RELIANCE)
  Report
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

Reliance Industries : India private equity investments hit record high in 2020, report says

06/09/2021 | 05:03am EDT
FILE PHOTO: A broker reacts while trading at his computer terminal at a stock brokerage firm in Mumbai

MUMBAI (Reuters) - Private equity investments in India rose 38% to hit a record high of $62.2 billion in 2020 despite uncertainty caused by the coronavirus crisis, a private equity report showed on Wednesday.

Investors are optimistic about the fund raising environment for 2021, the report published by The Indian Private Equity and Venture Capital Association and Bain and Company showed.

Investments into Reliance Industries' Jio platforms and Reliance Retail totalled $26.5 billion, making up 40% of the total deal value. Healthcare deals saw a 60% surge over 2019.

Saudi Arabia's state-run Public Investment Fund made the largest aggregate investments worth $3.3 billion in three deals in 2020, while global private equity giant KKR made six investments totalling $3 billion.

"Although overall investment activity remained muted from March to May due to COVID-led uncertainties, investor confidence recovered strongly in (the second half) to pre-COVID levels with late-stage and buyout deals witnessing increased traction," the report said.

There has been a steady rise in the number of active private equity funds in India in 2020.

Fund raising shrunk by 33% from 2019 levels across major Asia-Pacific markets, while India's share in the Asia-Pacific fundraising remained steady at 3%.

The report showed overall exit value in India declined by 30% year on year in 2020.

"Investor confidence has remained high, with India-focused dry powder holding steady at $8 billion, and more than 90% of closed funds at target or oversubscribed," the report said.

"Going forward firms are optimistic about next year's fundraising environment," it said, adding that growing private equity confidence in India was increasing the size of deals and the range of sectors targeted.

(Reporting by Swati Bhat; Editing by Edmund Blair)


ę Reuters 2021
Stocks mentioned in the article
ChangeLast1st jan.
KKR & CO. INC. 0.19% 57.14 Delayed Quote.41.12%
RELIANCE INDUSTRIES LTD 0.45% 2225.65 Delayed Quote.11.60%
All news about RELIANCE INDUSTRIES LTD
01:48aIndian shares fall as financial stocks, Reliance Industries weigh
RE
06/17RELIANCE INDUSTRIESá : Jio Infocomm Ltd. - India at the Center of Two New Subsea..
AQ
06/16Indian shares end lower on losses in financials; Fed in focus
RE
06/16Adani Group stocks lose more ground despite rejecting report on investors
RE
06/16RELIANCE INDUSTRIESá : Analyst Meet – Edelweiss India CXO e-Conference 202..
PU
06/16Indian shares fall further ahead of Fed meeting outcome
RE
06/15Indian shares at record highs as COVID-19 curbs ease, cases fall
RE
06/14Adani Group shares shed $6 billion despite rejecting reports on investors
RE
06/14Indian Stocks Open the Week in the Green
MT
06/14Indian shares end higher as Reliance gains; inflation data in focus
RE
More news
Financials
Sales 2022 6 628 B 89 714 M 89 714 M
Net income 2022 589 B 7 970 M 7 970 M
Net cash 2022 65 703 M 889 M 889 M
P/E ratio 2022 25,4x
Yield 2022 0,36%
Capitalization 14 068 B 190 B 190 B
EV / Sales 2022 2,11x
EV / Sales 2023 1,79x
Nbr of Employees 236 334
Free-Float 50,4%
Chart RELIANCE INDUSTRIES LTD
Duration : Period :
Reliance Industries Ltd Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends RELIANCE INDUSTRIES LTD
Short TermMid-TermLong Term
TrendsBullishBullishNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 31
Average target price 2 265,34 INR
Last Close Price 2 215,65 INR
Spread / Highest target 93,4%
Spread / Average Target 2,24%
Spread / Lowest Target -39,1%
EPS Revisions
Managers and Directors
NameTitle
Mukesh Dhirubhai Ambani Chairman & Managing Director
Srikanth Venkatachari Joint Chief Financial Officer
Alok Agarwal Joint Chief Financial Officer
K. Sethuraman Group Secretary & Chief Compliance Officer
Savithri Parekh Joint Secretary & Compliance Officer
Sector and Competitors
1st jan.Capitalization (M$)
RELIANCE INDUSTRIES LTD11.60%189 532
EXXON MOBIL CORPORATION50.39%262 437
CHEVRON CORPORATION26.79%206 437
BP PLC27.18%91 010
CHINA PETROLEUM & CHEMICAL CORPORATION19.02%80 108
NESTE OYJ-10.78%48 294