Reliance Retail Ventures likely to launch an IPO by June 2019
Category: #retail  By Saif Ali Bepari  Date: 2019-02-25
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Reliance Retail Ventures likely to launch an IPO by June 2019

The RIL has high expectations from the strategic IPO, claim sources.

The retail arm of Reliance Industries Ltd. (RIL), Reliance Retail Ventures Ltd., is reportedly planning to launch its IPO (Initial Public Offering) by June this year, with the Mukesh Ambani-run company betting big on its consumer businesses including Reliance Jio and Reliance Retail.

Apparently, the company is anticipating a positive response from the proposed public offering, given that Reliance’s retail business, through its growth estimation, has delivered high hopes for RIL’s investors.

Sources closely associated with the development said that the planned IPO bears major significance as Mukesh Ambani, the RIL Chairman, had declared at the shareholder meeting held in 2017, that the business has imperative growth prospects. Reportedly, he claimed that he has set a target of nearly 30% annual growth for the company’s leaders over the coming decade. He further assured the shareholders of Reliance Retail Ventures’ aggressive expansion in the semi-urban as well as rural markets, with an aim to achieve that 30% growth each year.

For the record, the retail business that operated dynamically throughout 2018, had recorded about INR 69,198 crore in revenues in the previous financial year, with 105% growth.

Times Now News recently reported the RIL Chairman stating that the company has successfully maintained a strong growth momentum across its Retail and Jio platforms and its consumer businesses have consistently been contributing to the company’s overall profitability.

Reliance Industries, for the record, is a leading Indian conglomerate and is known to operate its retail consumer businesses under two distinct retail ventures, Reliance Retail Ltd. and Reliance Brands. Reliance Brands manages joint ventures with international fashion brands, while, Reliance Retail Ltd. holds more than 9,900 stores across India, in around 6,400 cities.

The CLSA recently claimed that RIL’s omnichannel strategy holds significant aspects to turn it into a leader in the organized retail business, which has the potential to become a highly-consolidated market.



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Saif Ali Bepari

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Saif Ali Bepari

Saif Ali Bepari currently works a content writer for Market Size Forecasters, Algosonline, and numerous other platforms. A Computer Science graduate who has a zest for writing over coding, he has previously dabbled into technical and creative writing. He now pens down...

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