MoneyWorks4Me

Reliance Industries’ RBL hikes stake in GFL to 46.6%

03 Mar 2018 Evaluate

Reliance Industries’ (RIL) one of retail arms - Reliance Brands (RBL) has completed acquisition of additional 5.3% stake in equity share capital of Genesis Luxury Fashion (GLF) for a cash consideration of Rs 35.39 crore. With this acquisition, the stake of RBL in GLF’s equity share capital has gone up to 46.6%. RBL is subsidiary of Reliance Retail Ventures which is in turn a subsidiary of RIL.

RIL is India’s largest private sector company. The company’s activities span hydrocarbon exploration and production, petroleum refining and marketing, petrochemicals, retail and 4G digital services.


Peers
Company Name CMP
Reliance Industries 1194.00
Indian Oil Corpn. 129.20
Bharat PetroleumCorp 291.00
HPCL 337.95
MRPL 175.15
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