Reliance Retail Unlisted Shares
Mukesh Ambani eyes Rs 25000-40000 crore in new move, Reliance Retail files proposal for....
DNA Web Team
2 min read
Reliance Retail, a Mukesh Ambani - founded company, is planning to raise 400 bn through an Infrastructure Investment Trust(InvIT) & has filed the proposal with SEBI.
Justification
Mukesh Ambani's flagship company Reliance Industries Limited was gearing up to monetize retail warehousing assets with a $2.4-3 billion InvIT.
Reliance Retail will initially raise 400 crores in the next 2 months through an Infrastructure Investment Trust (InvIT).
And later will eventually raise 25,000-40,000 crores by Q4 FY24.
Through this, Reliance Retail will generate immediate capital along with retaining control over the assets of the company.
This outcome will be beneficial to the company in terms of further expansion of the business.
Investors can benefit from investing in this project by getting a piece of Reliance’s profits in the form of dividends & stable returns.
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