Reliance Industries’ (RIL) subsidiary -- Reliance Brands (RBL) has signed a definitive agreement to acquire, subject to terms and conditions stated in the agreement, either by itself or through a direct or indirect wholly owned subsidiary of, and controlled by, RBL, 100% equity shares of Hamleys Global Holdings (HGHL) for a cash consideration of GBP 67.96 million.
Reliance Lifestyle Holdings, a subsidiary of the Company, runs and operates the Indian franchise of the Hamleys brand and has 88 stores in India. This acquisition will catapult RBL to be a major player in the global toy retail industry.
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.
Company Name | CMP |
---|---|
Reliance Industries | 2916.55 |
Indian Oil Corp. | 170.30 |
BPCL | 594.50 |
HPCL | 486.20 |
MRPL | 247.95 |
View more.. |