Reliance Industries has allotted 20,00,000 Secured, Redeemable,Non-Convertible Debentures (NCDs) of the face value of Rs. 1,00,000 each (PPD Series P) aggregating Rs 20,000 crore, issued on private placement basis on 10 November 2023. Powered by Capital Market - Live News

Net profit of Reliance Industries rose 27.37% to Rs 17394.00 crore in the quarter ended September 2023 as against Rs 13656.00 crore during the previous quarter ended September 2022. Sales rose 1.08% to Rs 231886.00 crore in the quarter ended September 2023 as against Rs 229409.00 crore during the previous quarter ended September 2022. ParticularsQuarter Ended�Sep. 2023Sep. 2022% Var. Sales231886.00229409.00 1 OPM %17.6713.50 - PBDT39136.0029893.00 31 PBT26551.0020167.00 32 NP17394.0013656.00 27 Powered by Capital Market - Live News

Reliance Industries will hold a meeting of the Board of Directors of the Company on 27 October 2023.Powered by Capital Market - Live News

Reliance Retail Ventures (RRVL) announced today that a wholly owned subsidiary of the Abu Dhabi Investment Authority (ADIA) will invest Rs 4,966.80 crore into RRVL, a subsidiary of Reliance Industries. This investment values RRVL at a pre-money equity value of Rs 8.381 lakh crore, which makes it among the top four companies by equity value in the country. This investment by ADIA will translate into an equity stake of 0.59% in RRVL on a fully-diluted basis.Powered by Capital Market - Live News

Reliance Brands (RBL), through its wholly owned subsidiary in UK (RBUK), has today signed a definitive agreement to enter a joint venture with UK-based Superdry PLC, marking a significant new chapter in its partnership with Superdry PLC. The joint venture entity will acquire Superdry`s intellectual property assets for the India, Sri Lanka, and Bangladesh territories. RBUK and Superdry will own 76% and 24% of the joint venture entity, respectively. The consideration for the IP is �40.0 million, which is estimated to result in Superdry PLC receiving gross cash proceeds of �30.4 million (approx. �28.3 million net of fees and taxes) from RBUK.RBL had inked a long-term franchise agreement with Superdry PLC in 2012 and introduced the brand in India. This strategic evolution of brand ownership aims to capitalise on the increasing affluence and evolving consumption patterns of Indian shoppers. Coupled with Reliance Brand`s appetite to invest in accelerating Indianconsumption narrative, the deal paves way for Superdry`s future expansion in the country and neighbouring territories.Powered by Capital Market - Live News