Lenders are betting on Reliance Retail Ventures, a RIL subsidiary, to acquire bankrupt Future Enterprises to recover part of their Rs 15,820 crore exposure to the company. Lenders say RRVL, if its offer is accepted, will get access to two insurance JVs which are currently owned by Future Enterprises with Generalli which… Continue reading Lenders bet on Reliance Retail Ventures for Future Enterprises revival
Tag: Enterprises
Adani Enterprises Q1 profit up 43.6% on the back of improved performance
Adani Enterprises announced a 43.6 per cent surge in its net profit, attributable to the company’s owners, for the first quarter ending June 2023 (Q1FY24). This rise is credited to enhanced performance and increased other income, despite a sequential drop. In Q1FY24, the company recorded a net profit of Rs 674 crore, marking… Continue reading Adani Enterprises Q1 profit up 43.6% on the back of improved performance