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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.

India generalAndhra pradeshMukesh ambaniAnanthp paiJio martIsha ambaniPrakashp paiReliance retail ventures ltdHindustan unilever ltdBritannia industries ltdLotus chocolate coNestle india ltdReliance consumer products ltdReliance consumer productsNestle indiaReliance retail ventures