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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.


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