Reliance group firms - Reliance Consumer Products (RCPL) and Reliance Retail Ventures (RRVL) – are planning to acquire a 26 per cent additional stake in Lotus Chocolate. The firms will together acquire 33.38 lakh shares of Lotus Chocolate from the open market at a fixed price of Rs 115.50 per share. The offer will aggregate to a total consideration of Rs 38.56 crore over the full acceptance. The open offer starts on February 21, 2023 and closes on March 6, 2023.
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.
