Reliance break another deal, Mubadala to invest ₹ 6,247.5 crore (AED 3.1 billion) in Reliance Retail Ventures”.

Reliance Retail Ventures Limited (RRVL), a subsidiary of the Company, titled “Mubadala to invest ₹ 6,247.5 crore (AED 3.1 billion) in Reliance Retail Ventures”.     Reliance Industries Limited (“Reliance Industries”) and Reliance Retail Ventures Limited (“RRVL”) announced today that Mubadala Investment Company (Mubadala), the Abu Dhabi-based sovereign investor, will invest ₹ 6,247.5 crore (AED 3.1 billion) into Reliance Retail Ventures Limited (RRVL), a subsidiary of India’s Reliance Industries Limited (Reliance Industries). The investment values Reliance Retail at a pre-money equity value of ₹ 4.285 lakh crore. Mubadala’s investment will…

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ITI Limited signs contract with Defense to implement Rs 7796 Crore ASCON Phase-IV project

ITI Limited signs contract with Defense to implement Rs 7796 Crore ASCON Phase-IV project     To strengthen the communication network for Indian Army, ITI Limited, a telecom & defense equipment manufacturing PSU has today signed Rs 7,796 crore Phase IV Project of Army Static Switched Communication Network (ASCON) for deploying strategic network for secured communication across the country and subsequent maintenance for next 10 years. The contract was signed by Shri Rakesh Mohan Agarwal, CMD, ITI Limited and Joint Secretary & Acquisition Manager (Land Systems), Ministry of Defense, Government…

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