MoneyWorks4Me

Reliance Industries’ arm hikes stake in Genesis Colors

25 Aug 2018 Evaluate

Reliance Industries’ subsidiary -- Reliance Brands purchased an additional 3.07% equity holding in Genesis Colors (GCL) for about Rs 8.32 crore, taking its total stake in GCL to 49.46%. GCL belongs to a similar industry as Reliance Brands. This acquisition will add to the existing portfolio of branded fashion retail outlets.

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 1175.40
Indian Oil Corpn. 126.10
Bharat PetroleumCorp 285.70
HPCL 329.00
MRPL 174.45
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