As per reports, Indian billionaire, Mukesh Ambani's daughter, Isha Ambani Piramal is set to make a major deal with Godfrey Phillips that will add a major retail chain to her Rs. 8 lakh crore firm.
Mukesh Ambani is India's richest man with a staggering net worth of Rs. 9,63,692 crores and currently serves as the Managing Director and Chairman of Reliance Industries Limited (RIL). Every now and then, we have seen Mukesh Ambani making deals and making ground-breaking policies to scale his conglomerate, Reliance Industries Limited. While Mukesh Ambani's vision and business acumen needs no introduction, even his daughter, Isha Ambani Piramal, is also making waves in the business world with her approach.
For the uninitiated, Isha Ambani Piramal is the Director of Reliance Retail Ventures Limited (RRVL). The 31-year-old businesswoman has also repeatedly broken headlines by pulling the strings of seven mega brands under the umbrella of Reliance Retail.
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According to a report in the Economic Times, Mukesh Ambani's daughter, Isha Ambani Piramal, who is currently heading Reliance Retail, is in talks with Godfrey Phillips. The report suggests that Godfrey Phillips is the owner of the popular retail grocery chain, 24Seven, and there's a possibility with Isha Ambani.
If the report is to be believed, 24Seven can become a part of Reliance Retail, if Isha Ambani's firm can present a suitable offer to Godfrey Phillips. However, it's not a straight win for Isha Ambani as Tata Trent, which is owned by Tata Group, and D-Mart's parent company, Avenue Supermarts Limited, are also in the race to purchase 24Seven.
There's no denying the fact that with all the money that Reliance Industries Limited has at the moment, it would be a bit tricky for Tata Group and Avenue Supermarts Limited to compete with the renowned conglomerate. If we only talk about Isha Ambani's Reliance Retail, it is worth Rs. 8,20,000 crores. The reason behind it is the fact that Reliance Retail has a series of renowned brands like Hamleys, Ajio, Tira Beauty, Cover Story Clothing, Netmeds, 7-Eleven, Freshpik, and many more.
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With each passing year, Isha Ambani Piramal keeps on building her reputation as one of the most successful businesswomen in the Indian business space. Whether we talk about how Reliance Retail is thriving under her leadership or how she continues to fulfil her motherly duties, Isha is an inspiration for everyone out there. According to a report in Financial Express, Isha Ambani has a staggering net worth of Rs. 500 crores.
It will be interesting to see whether Isha Ambani Piramal can purchase 24Seven from Godfrey Phillips. What do you think about it? Let us know.
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