MoneyWorks4Me

RIL’s arm buys additional 3.10% stake in Genesis Colors

15 Sep 2018 Evaluate

Reliance Industries (RIL) subsidiary -- Reliance Retail Ventures (RRVL) -- has purchased an additional stake of 3.10% equity holding in Genesis Colors (GCL) for a consideration of Rs 8.39 crore, taking its total stake in GCL to 19.63%.

This is in addition to 49.46% equity holding in GCL held by Reliance Brands (RBL), a subsidiary of RRVL. Accordingly, the aggregate equity shareholding of RRVL and RBL in GCL stands at 69.10%.

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 1175.80
Indian Oil Corpn. 126.05
Bharat PetroleumCorp 285.80
HPCL 328.75
MRPL 174.50
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