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
Khaitan & Co advised
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.