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The Times of India
The Times of India
Business
TIMESOFINDIA.COM

Reliance retail arm to acquire controlling stake in Lotus Chocolate

Lotus Reliance RIL Reliance Industries New Delhi RCPL

NEW DELHI: The retail arm of Reliance Industries has acquired 51% controlling stake in Lotus Chocolate Company, RIL said in an official release on Thursday.

"Reliance Consumer Products Limited (RCPL), a wholly-owned subsidiary of Reliance Retail Ventures Limited, has announced that it will acquire 51% of the paid-up equity share capital of Lotus Chocolate Company Limited (LOTUS) from the current promoter group at a price per share of Rs 113," the statement said.

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