|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's range||2,432.00 - 2,539.90|
|52-week range||1,960.00 - 2,856.15|
|Beta (5Y monthly)||0.96|
|PE ratio (TTM)||28.96|
|Forward dividend & yield||7.00 (0.27%)|
|Ex-dividend date||11 Jun 2021|
|1y target est||2,272.10|
MUMBAI (Reuters) -India's biggest retailer Reliance will acquire dozens of small grocery and non-food brands as it targets building its own $6.5 billion consumer goods business to challenge foreign giants like Unilever, two sources familiar with the plan told Reuters. Reliance, run by Indian billionaire Mukesh Ambani, plans to build a portfolio of 50 to 60 grocery, household and personal care brands within six months and is hiring an army of distributors to take them to mom-and-pop stores and bigger retail outlets across the nation, the sources added. The consumer goods push under a vertical named Reliance Retail Consumer Brands will come on top of Ambani's brick-and-mortar store network of more than 2,000 grocery outlets and ongoing expansion of "JioMart" e-commerce operations in India's nearly $900 billion retail market, one of world's biggest.
(Bloomberg) -- Asia’s two richest men -- Gautam Adani and Mukesh Ambani -- are doubling down on India’s media sector, intensifying competition in an arena where Netflix Inc. and Amazon.com Inc. are also vying for more than a billion viewers.Most Read from BloombergFour European Gas Buyers Made Ruble Payments to RussiaA Powerful Dynasty Bankrupted Sri Lanka in Just 30 MonthsAmazon’s Twitch Seeks to Revamp Creator Pay With Focus on ProfitRussia to Cut Gas to Poland, Bulgaria Until Pay Demands MetR
One of India’s richest businessmen is plotting a joint takeover bid for the high street chain Boots.