MoneyWorks4Me

Reliance Industries’ arm picks up majority stake in Abraham & Thakore Exports

02 Mar 2022 Evaluate

Reliance Industries’ subsidiary -- Reliance Retail Ventures (RRVL) has acquired majority stake in designer brand Abraham & Thakore Exports. Through this deal, RRVL seeks to leverage its subsidiary Reliance Brands’ (RBL) deep understanding of the affluent Indian customer and their heft across digital, retail operations, marketing, and supply chain platforms, to build brand Abraham & Thakore's global appeal in the fashion and lifestyle category.

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 1236.00
Indian Oil Corpn. 132.20
Bharat PetroleumCorp 299.00
HPCL 345.15
MRPL 166.95
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