Reliance Industries Ltd.

Reliance Industries’ (RIL) subsidiary -- Reliance Brands has purchased an additional 2.36% equity stake in Genesis Colors (GCL) for about Rs 9.89 crore, taking its total stake in GCL to 11.65%. GCL belongs to a similar industry as Reliance Brands.

GCL is in the business of retailing and wholesale of branded readymade garments, bags, footwear and accessories directly and through its subsidiary/Joint ventures.

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.