The deal was announced on December 29, 2022. RCPL, Lotus Chocolate Company Limited and Prakash P Pai, Ananth P Pai and other members of the promoter group of Lotus signed the deal.
Reliance Consumer Products Limited (RCPL), the FMCG arm and a wholly-owned subsidiary of Reliance Retail Ventures Limited (RRVL), will acquire 51% of the paid-up equity share capital of Lotus Chocolate Company Limited, the company has said.