Reliance Industries-controlled Reliance Industrial Investment and Holdings Limited (RIIHL), has picked up majority stakes in two companies, Grab A Grub Services and C-Square Info Solutions, the petroleum-to-retail-to-telecommunications conglomerate announced on Saturday. In two separate filings made to the Bombay Stock Exchange, RIL said that RIIHL, a wholly-owned subsidiary of India’s largest private sector company, has agreed to pay Rs 106 crore to acquire equity shares in Mumbai-based logistics platform Grab A Grub, and will invest an additional Rs 40 crore in the four-year-old company.
AZB & Partners advised
Update 12 December 2019: IC Universal Legal advised
2019-02-04
Deal value: $15.3m / INR 1060m
This deal report is based on a firm's press release and may be only partially complete. Some firms or names of advisers may be therefore be missing.