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Reliance Industries’ arm acquires 100% stake in SKDS

05 Mar 2020 Evaluate

Reliance Industries’ subsidiary -- Reliance Retail Ventures has acquired 7,86,191 equity shares representing 100% of the equity share capital of Shri Kannan Departmental Store (SKDS) for a consideration of Rs 152.5 crore. The said investment will further strengthen the group’s retail operations and presence in the state of Tamil Nadu and will further enable retail and new commerce initiatives.

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.

Reliance Industries Share Price

1304.25 0.45 (0.03%)
03-Jul-2026 16:59 View Price Chart
Peers
Company Name CMP
Reliance Industries 1304.25
Indian Oil Corpn. 141.60
Bharat PetroleumCorp 308.20
HPCL 399.35
MRPL 150.20
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