Reliance Industries Ltd.

Reliance Industries’ (RIL) subsidiary -- Reliance Brands -- has purchased an additional 12.56% equity shareholding in Genesis Colors (GCL) for about Rs 52.77 crore, taking its total stake in GCL to 46.39%. 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.