RattanIndia Enterprises (REL) has acquired 100% stake of Neobrands consequent to which, it has become a wholly owned subsidiary company of REL. Neobrands intends to start wholesale and retail business on online E-commerce platforms inter-alia including creating private label businesses and export of goods from India.
RattanIndia Enterprises is engaged in the business of Power generation, transmission and distribution of power and power advisory.