Nearly half the incremental investments made on deals by RIL between August 2020 and September this year ($3.3 billion) has been spent energy acqui global companies with technology and expertise. By comparison, the telecommunications (telecom) and internet vertical accounts for less than a fourth of the incremental money spent in the past two years. In retail, it is a mere one-tenth.
Retail has been a straggler for RIL. Its share in the total pie invested since 2018 remains stagnant, falling from 13 per cent in August 2020 to 11.78 per cent this September.
The money put in for picking up stake is not even close to $1 billion, although this is a key vertical earmarked for future growth, along with new energy and telecom.
This story is from the September 20, 2022 edition of Business Standard.
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This story is from the September 20, 2022 edition of Business Standard.
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