MoneyWorks4Me

Reliance Industries’ arm completes acquisition of 100% stake of HGHL

18 Jul 2019 Evaluate

Reliance Industries’ subsidiary--Reliance Brands has completed acquisition of 100% stake of Hamleys Global Holdings (HGHL) through a special purpose vehicle company set up in United Kingdom for cash consideration of GBP 67.96 million.

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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