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Reliance Industries’ arm in talks to acquire controlling stake in Hamleys

18 Apr 2019 Evaluate

Reliance Industries’ subsidiary -- Reliance Retail is in talks to acquire a controlling stake in iconic UK-based toymaker Hamleys, in order to expand its global footprint in the retail category. Hamleys is currently owned by a Chinese fashion conglomerate C Banner International. The acquisition could be in the range of Rs 250-350 crore.

Reliance Industries 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 1177.30
Indian Oil Corpn. 126.05
Bharat PetroleumCorp 286.70
HPCL 328.20
MRPL 174.00
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