MoneyWorks4Me

RIL’s arm hikes stake in Genesis Colors

03 Aug 2018 Evaluate

Reliance Industries’ (RIL) subsidiary -- Reliance Brands has purchased an additional 2.36% equity stake in Genesis Colors (GCL) for about Rs 9.89 crore, taking its total stake in GCL to 11.65%. GCL belongs to a similar industry as Reliance Brands.

GCL is in the business of retailing and wholesale of branded readymade garments, bags, footwear and accessories directly and through its subsidiary/Joint ventures.

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 1175.20
Indian Oil Corpn. 126.45
Bharat PetroleumCorp 285.20
HPCL 327.40
MRPL 172.20
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