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RIL buys iconic UK property Stoke Park for $79 million
23 April 2021
Mukesh Ambani owned- Reliance Industries Ltd (RIL) has bought iconic Britih property Stoke Park for 57 million pounds ($79 million) as part of its moves to reduce dependence on oil business and expand into consumer-facing businesses.
RIL’s UK arm, which will own the business, said in a regulatory filing that Stoke Park, which owns a hotel and golf course in Buckinghamshire, UK, will add to RIL s consumer and hospitality assets. Reliance Industrial Investments and Holdings Ltd (RIIHL), a wholly-owned subsidiary of Reliance Industries Limited, has on April 22, 2021, acquired the entire issued share capital of Stoke Park Limited, a company incorporated in the United Kingdom, for 57 million pounds, RIL stated in the filing.