Reliance Retail Ventures acquires 25.8% stake in Dunzo

Reliance Retail Ventures acquires 25.8% stake in Dunzo

by 5paisa Research Team Last Updated: Dec 10, 2022 - 05:17 pm 41.3k Views
Listen icon

Reliance Industries share price rises by 1.2%

India’s largest company by market cap - Reliance Industries Ltd (RIL) has hit the trending list today on Dalal Street as the company’s subsidiary Reliance Retail Ventures Ltd (RRVL) has invested about Rs 1800 crore in ‘Dunzo’, which is a hyperlocal quick commerce company. It has acquired a 25.8% stake in the same company. The investment by RRVL is looked upon positively by RIL’s shareholders as Dunzo has been a market leader in its segment and has huge growth opportunities. The stock price of RIL is trading near 2,445.30, which is about 1.2% up, as of 11:37 a.m. on the BSE.

Dunzo is focused on delivering day-to-day essentials at your doorsteps within 15 to 20 minutes. Be it a single mineral water bottle, or vegetables, Dunzo has got it delivered. Currently, it is present in seven metro cities. With the investment from RRVL, it is planning to expand its reach in 15 cities. RRVL is also entering into certain business partnerships with Dunzo. For RRVL, this investment is a strategic move to strengthen its retail reach in upcoming years.

Over the past, the company has made it big in the retail space and is all set to disrupt the retail sector in India. Its acquisitions, partnerships, ventures are all contributing to its expansion plans. Recently, the company had launched the world-famous retail chain ‘7-Eleven’ stores in Mumbai.

RRVL is also a holding company of all the retail companies under the RIL Group. For fiscal 2021, the retail giant has a consolidated turnover of Rs 1,57,629 crore and the profit after tax is Rs 5,481 crore. It has become one of the fastest-growing retail companies on a global scale. This indirectly augurs well for the RIL shareholders.

Share Market Today


How do you rate this article?

Start Investing in 5 mins*

Rs. 20 Flat Per Order | 0% Brokerage

378X91-D3

About the Author

Our research team is composed of some highly qualified research professionals, their expertise range across sectors.


Enjoy 0%* Brokerage with 5paisa
Resend OTP
Please Enter OTP
Mobile No. belongs to

By proceeding, you agree to the T&C.

Latest News
Sensex, Nifty Fall for 5th Day on Israel-Iran Tensions

Sensex, Nifty Fall for 5th Day on Israel-Iran Tensions

Gold Prices Soar as Iran-Israel Tensions Escalate: Is it Time to Buy?

Gold is often seen as a safe investment during uncertain times. The conflict could lead to an increase in gold prices.