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ELP, Khaitan act on Reliance Brands $7m stake-increase in Genesis Colors

Reliance Brands has purchased an additional 12.56 per cent stake in Genesis Colors Limited (GCL) for about Rs 52.77 crore, taking its total holding in the company to 46.39 per cent. “This is to inform that Reliance Brands, a subsidiary of the Company, has purchased an additional 12.56 per cent equity shareholding in GCL for about Rs 52.77 crore, taking its total stake in GCL to 46.39 per cent,” RIL said in a regulatory filing.
The Economic Times

Economic Laws Practice (ELP) advised Mayfield FVCI Limited, which sold its entire shareholding, led by a team of partner Shyam Pandya.

Khaitan & Co advised Reliance Brands Limited.

2018-08-14

Deal value: INR 341,700,000

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.

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