Breaking News

You are here » Indian-Commodity  :  Corporate  :  RIL's arm buys additional 3.10% stake in Genesis Colors

15-Sep2018

RIL's arm buys additional 3.10% stake in Genesis Colors

Reliance Industries (RIL) subsidiary -- Reliance Retail Ventures (RRVL) -- has purchased an additional stake of 3.10% equity holding in Genesis Colors (GCL) for a consideration of Rs 8.39 crore, taking its total stake in GCL to 19.63%.

This is in addition to 49.46% equity holding in GCL held by Reliance Brands (RBL), a subsidiary of RRVL. Accordingly, the aggregate equity shareholding of RRVL and RBL in GCL stands at 69.10%.

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.


Related News

View all news

Siemens reports 55% fall in Q4 net profit

Siemens has reported results for fourth quarter ended September 30, 2018.The company has reported 55.24% fall in its net profit at Rs 279.20 crore for the quarter under review as compared to Rs 623.80......

USFDA completes audit of Dr. Reddy's Andhra Pradesh facility

The US Food and Drug Administration (USFDA) has completed the audit of Dr. Reddy's Laboratories' Formulations Srikakulum Plant (SEZ) Unit II, Andhra Pradesh on November 16, 2018 with zero observations.Dr.......

PNB Gilts reports 71% rise in Q2 net profit

PNB Gilts has reported results for second quarter ended September 30, 2018.The company has reported 71.36% rise in its net profit at Rs 11.07 crore for the quarter under review as compared to Rs 6.46 crore......

Top News

View all news

Siemens reports 55% fall in Q4 net profit

Siemens has reported results for fourth quarter ended September 30, 2018.The company has reported 55.24% fall in its net profit at Rs 279.20 crore for the quarter under review as compared to Rs 623.80......

USFDA completes audit of Dr. Reddy's Andhra Pradesh facility

The US Food and Drug Administration (USFDA) has completed the audit of Dr. Reddy's Laboratories' Formulations Srikakulum Plant (SEZ) Unit II, Andhra Pradesh on November 16, 2018 with zero observations.Dr.......

PNB Gilts reports 71% rise in Q2 net profit

PNB Gilts has reported results for second quarter ended September 30, 2018.The company has reported 71.36% rise in its net profit at Rs 11.07 crore for the quarter under review as compared to Rs 6.46 crore......