According to a regulatory filing from RIL, the promoter group stake will be purchased for Rs 113 per share, amounting to Rs 74 crore, , reliance, ril, chocolate, reliance industries limited, LOTUS, latest updates
Reliance Consumer Products Ltd. will acquire 51% stake in Lotus Chocolate Co., in what is expected to spur competition among the likes of Nestle India Ltd. and ITC Ltd.
The fast-moving consumer goods arm of Reliance Retail Ventures Ltd. will acquire 65,48,935 shares from the promoters Prakash P Pai, Ananth P Pai and other members of the promoter group of the listed chocolate firm at Rs 113 apiece, aggregating up to Rs 74 crore, according to its statement.
/PRNewswire/ The global industrial chocolate market has been categorized as a part of the global packaged foods and meats market. The parent market, the.
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