Reliance Industries Ltd.

Reliance Industries’ (RIL) one of retail arms - Reliance Brands (RBL) has completed acquisition of additional 5.3% stake in equity share capital of Genesis Luxury Fashion (GLF) for a cash consideration of Rs 35.39 crore. With this acquisition, the stake of RBL in GLF’s equity share capital has gone up to 46.6%. RBL is subsidiary of Reliance Retail Ventures which is in turn a subsidiary of RIL.

RIL 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.