Reliance Industries to acquire 87.6% stake in Fynd for Rs 295 crore

05 Aug 2019

Reliance Industries is planning to acquire an 87.6% stake in Shopsense Retail Technologies, also known as Fynd, for Rs 295 crore. The company already runs retail stores and has announced plans to diversify into e-commerce. Fynd provides technology platform and solutions to merchants to manage their inventory and sales across multiple demand channels for consumers, including e-commerce platforms.

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.

Related Reliance Industries Ltd. Links:

Reliance Industries Share Price

2175.70 -25.65 (-1.17%) Mar 04, 18:59
1 Year Price Chart
Company Name CMP
Reliance Industries 2175.70
Indian Oil Corp. 101.45
BPCL 463.80
HPCL 245.80
MRPL 42.70
View more..
Sensex vs Reliance Industries
Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323