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Reliance Retail Ventures acquires 16.31% stake in Genesis Colors

Capital Market 

Aggregate holding of Retail Ventures and Brands in stands at 65.77%

Industries announced that its subsidiary, (RRVL) has purchased 16.31% equity holding in (GCL) for a consideration of Rs. 34.80 crore. This is in addition to 49.46% equity holding in GCL held by (RBL), a subsidiary of RRVL, intimation of which was given vide previous communication dated August 24, 2018. Accordingly, the aggregate equity shareholding of RRVL and in GCL stands at 65.77%.

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(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Mon, September 10 2018. 09:46 IST