Vornado and Reliance Industries Enter into India Retail Joint Venture
VORNADO REALTY TRUST announced today that it has entered into a 50/50 joint venture with Reliance Industries Limited (”Reliance”) (BSE:RIL) under which each partner will commit up to $250 million to the venture to acquire, develop and operate retail shopping centers across key cities in India. Read more
Reliance Big in talks with Spielberg’s DreamWorks for JV
Anil Ambani Group firm Reliance Big Entertainment is in talks with Steven Spielberg-led DreamWorks Movie Studios to form a joint venture for movies, media reports said here.
According to UK daily Financial Times, DreamWorks and India’s Reliance Big Entertainment are in talks to create a new movie joint venture, a deal which would provide the Hollywood director with an important source of funds for his planned move out of Viacom Inc’s Paramount Pictures.
However, when contacted by PTI, Reliance Big Entertainment spokesperson in Mumbai declined to comment on the reports.
DreamWorks, which would likely have funds of up to 1.5 billion dollars, including debt and equity, would be part of moves by Spielberg and DreamWorks co-founder David Geffen to exit Viacoms Paramount Pictures as soon as their contracts permit it this year, the report stated.
The FT report quoted a person familiar to the talks saying, “Spielberg, as you know, has announced his intention to separate from Paramount. It [the contact with Reliance] is at a very preliminary stage.” A separate report on the online edition of Wall Street Journal stated that Mumbai-based Reliance ADA Group would provide Spielberg and company with 500-600 million dollar in equity, moving them one step closer to ending one of Hollywood’s most contentious and closely watched battles.
“In Reliance, the DreamWorks team also would have an unusual and ambitious partner in the film business: an Indian firm with interests in telecommunications, financial services and entertainment that wants to build a media empire by financing Hollywood pictures,” the WSJ report stated.
Source: ptinews.com
Reliance Comm planning JV with Alcatel-Lucent: source
Reliance Comm planning JV with Alcatel-Lucent: source
Reuters - USA
2 mobile operator, Reliance Communications (RLCM.BO: Quote, Profile, Research), may announce a network management joint venture with French-American …
Reliance Industries enters into a JV with Nova Chemicals
Reliance Industries enters into a JV with Nova Chemicals
TopNews - Noida,Uttar Pradesh,India
The first activity of the venture will be the construction of buildings for Reliance Retail in India. Reliance will hold 51 per cent and Nova 49 per cent in …
Reliance Industries Announces Construction LOI with NOVA Chemicals
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Polymerupdate.com (subscription) - Mumbai,Maharashtra,India
Reliance Industries Limited on Friday announced that the company has signed a letter of intent with NOVA Chemicals to form a joint venture in the area of …
Nova Chemicals sets joint venture with Reliance
Nova Chemicals sets joint venture with Reliance
Reuters - USA
N: Quote, Profile, Research) said on Thursday it has signed a letter of intent with India’s Reliance Industries Ltd (RELI.BO: Quote, Profile, Research) to …
Uncertainty Surrounds Reliance-R&H Acrylics JV
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Doubts have emerged about a previously announced acrylic acid and derivatives joint venture between Reliance Industries and Rohm and Haas (R&H) at Jamnagar, India (CW, March 28, 2007, p. 4)…
Reliance Retail ties up with Office Depot
Reliance Retail ties up with Office Depot
By India eNews
India’s Reliance Retail Ltd (RRL) has entered a joint venture (JV) with US-based Office Depot, a global provider of office products and services .
Office Depot Establishes Joint Venture with Reliance Retail for …
Office Depot Establishes Joint Venture with Reliance Retail for …
Business Wire (press release) - San Francisco,CA,USA
To accelerate the rollout of their joint venture, Office Depot and Reliance also announced the acquisition of eOfficePlanet®, one of the largest dealers of …
India’s Reliance Retail forms joint venture with Office Depot UPDATE
India’s Reliance Retail forms joint venture with Office Depot UPDATE
CNNMoney.com - USA
MUMBAI, Apr. 22, 2008 (Thomson Financial delivered by Newstex) — Reliance Retail Ltd., a unit of India’s largest private sector company, Reliance …




