MUMBAI (Reuters) - India's energy-to-telecoms conglomerate Reliance Industries Ltd said on Thursday it has acquired British toy retailer Hamleys. The company, through its subsidiary Reliance Brands Ltd, signed an agreement to pick up a 100 percent stake in the toy retailer from C Banner International Holdings, a Hong Kong-listed company, Reliance said in a statement late on Thursday. (Reporting by Promit Mukherjee; Editing by Alexandra Hudson) … [Read more...] about India’s Reliance Industries buys global toy retailer Hamleys
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Saudi Aramco in talks to buy stake in Reliance Industries’ refining and petchem businesses
DUBAI (Reuters) - State oil giant Saudi Aramco, the world's biggest oil producer, is in talks to buy a stake in the refining and petrochemicals businesses of India's Reliance Industries, two sources familiar with the matter told Reuters on Wednesday. The Times of India reported earlier that Aramco was in talks to buy up to a 25 percent stake, which could be worth around $10-$15 billion, valuing the Indian company's refining and petrochemicals businesses at around $55 billion to $60 billion (£46 billion). Aramco did not immediately respond to a request for comment. (Reporting by Rania El Gamal and Nidhi Verma; Editing by Mark Potter) … [Read more...] about Saudi Aramco in talks to buy stake in Reliance Industries’ refining and petchem businesses
Reliance Industries in talks to buy British toymaker Hamleys
(Reuters) - Reliance Industries Ltd is in talks to buy British toy store chain Hamleys, business news website Moneycontrol reported on Wednesday citing multiple sources, as the Indian conglomerate seeks to expand its footprint in the consumer space. Reliance Retail, the retail arm of billionaire Mukesh Ambani-owned Reliance Industries, is "aggressively pursuing the deal", the website quoted one of the sources as saying. Due diligence is in advanced stages, the website reported, adding that if the deal went through, Reliance Retail planned to increase the geographic footprint of the 259-year old toymaker in India to about 200 stores over the next three years from around 50 currently. Reliance Retail currently has the licence to sell Hamleys products in India. Sky News reported last October that Chinese fashion retailer C.banner International Holdings, which bought https://www.reuters.com/article/hamleys-ma-cbanner-idUSL3N12T5Q720151029 Hamleys for 100 million pounds in cash in 2015, was … [Read more...] about Reliance Industries in talks to buy British toymaker Hamleys
Saudi Aramco discussing investments in India’s Reliance Industries:…
NEW DELHI (Reuters) - Saudi Aramco’s Chief Executive Officer Amin Nassar said on Wednesday that the company is in talks with India’s Reliance Industries Ltd for possible investments and is seeking other opportunities in the country. Saudi Aramco CEO Amin Nasser speaks during the Saudi-India Forum in New Delhi, India, February 20, 2018. REUTERS/Anushree Fadnavis Saudi Aramco signed an agreement in April with a consortium of state-owned Indian refiners to participate in a $44 billion refinery project on the country’s west coast. “We are looking at additional investment in India so we are in discussions with other companies as well, including Reliance and others,” Nasser said in a panel discussion in New Delhi. “We are looking at it. We are not limited to that investment which is the mega refinery,” Nasser said, referring to the west coast project, which would process 1.2 million bpd of crude and produce 18 million tonnes per year of … [Read more...] about Saudi Aramco discussing investments in India’s Reliance Industries:…
Brookfield in talks with India’s Reliance Industries to buy tower,…
MUMBAI (Reuters) - Canadian private equity firm Brookfield Asset Management is in preliminary talks with India’s Reliance Industries to buy a stake in its optical fibre and telecom tower assets, The Times of India newspaper reported on Friday. FILE PHOTO - People walk to Brookfield Place off Bay Street on the day of the annual general meeting for Brookfield Asset Management shareholders in Toronto, May 7, 2014. REUTERS/Mark Blinch Reliance Industries Ltd said in December it planned to separate its fibre and tower business from its telecom arm Reliance Jio Infocomm Ltd, commonly known as Jio. “The end objective of that is to find a different set of investors who would be wanting to run these kind of assets,” V Srikanth, joint chief financial officer of Reliance Industries said in January at the company’s quarterly results announcement. The move will help Reliance to unlock value in the assets and reduce debt, he said. While Srikanth declined to … [Read more...] about Brookfield in talks with India’s Reliance Industries to buy tower,…