Reliance Industries Ltd.

Reliance Industries’ (RIL) subsidiary -- Reliance Brands has purchased an additional 8.14% equity stake in Genesis Colors (GCL) for about Rs 34.17 crore, taking its total stake in GCL to 9.29%. GCL belongs to a similar industry as Reliance Brands. This acquisition will add to the existing portfolio of branded fashion retail outlets.

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.