[ad_1]
<! –
Subsidiary of RIL Acquisition : Reliance Brands, a subsidiary of Reliance Industries, acquired 12.5% of the capital of Future101 Design Private Limited (Future101) for an amount of Rs 9.5 crore, indicated
Future101, incorporated in July 2013, is engaged in the manufacture, distribution and sale of luxury clothing, etc. in India. Future101 belongs to an industry similar to Reliance Brands Limited. We expect growth in this sector and value creation through this investment.
Future101 reported an annual business turnover of Rs 22.18 crore, Rs 20.85 crore and Rs.17.11 crore for the fiscal years 2017-18, 2016-17 and 2015-16, respectively [19659004] "No regulatory approval has been required for said investment is not part of a related party transaction and none of the promoter / promoter / group companies of RIL owns any of the following." 39, interest in Future101, "said RIL
Diviance Industries Ltd., owner of Reliance Jio, is the sole beneficiary of Independent Media Trust which controls Network18 Media & Investments Ltd.
->
Subsidiary of RIL Acquisition : Reliance Brands, a subsidiary of Reliance Industries, acquired 12.5% of the capital of Future101 Design Private Limited (Future101) for an amount of Rs 9.5 crore, said the company in its folder.
He adds that the minority shareholding is in the nature of strategic investment
Future101, incorporated in July 2013, is engaged in the manufacture, distribution and sale of luxury clothing and so on. in India. Future101 belongs to an industry similar to Reliance Brands Limited. We expect growth in this sector and value creation through this investment.
Future101 reported an annual business turnover of Rs 22.18 crore, Rs 20.85 crore and Rs.17.11 crore for the fiscal years 2017-18, 2016-17 and 2015-16, respectively [19659004] "No regulatory approval has been required for said investment is not part of a related party transaction and none of the promoter / promoter / group companies of RIL owns any of the following." 39, interest in Future101, "said RIL
Diviance Industries Ltd., owner of Reliance Jio, is the sole beneficiary of the Independent Media Trust which controls Network18 Media & Investments Ltd.
[ad_2]
Source link
