Reliance Industries - Private equity player Silver Lake will be investing Rs 7,500 crore into Reliance Retail, a subsidiary of the company of 1.75% stake. The investment values Reliance Retail at a pre-money equity value of Rs 4.21lakh crore. KKR & Co. is in advanced talks to invest at least $1 billion in the retail business.Brent Crude- Brent crude break below $40 a barrel follows two months of the global oil benchmark holding mainly between $42 and $45 a barrel. The coronavirus pandemic is still raging and Bank of America Merrill Lynch said it would take three years for global oil demand to recover from Covid-19. The market expectation that the weak global economy may slow down oil demand. #MOMarketUpdates#MotilalOswal#reliance#IndianStockMarket#NSE#BSE#crudeoil
Posted On:09 Sep 2020 5:26 PM
Fear of the second wave of Coronavirus drags the Oil over 14%....
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