Furtherance to intimation dated 3rd November 2021, whereby the company had informed regarding its intent to start retail business on online E-commerce platforms through its 100% wholly owned subsidiary Cocoblu Retail (‘Cocoblu’). RattanIndia Enterprises has informed that the Board of Directors of the Company in its meeting held on 11 January, 2022 has approved an investment of Rs 350 Crores in its 100% wholly owned subsidiary Cocoblu Retail to build and undertake the business of online retail on Ecommerce platforms in India. The company attached a press release regarding the same and this intimation is also being uploaded on the Company’s website at https://www.rttn.in.
The above information is a part of company’s filings submitted to BSE.
