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Reliance makes open offer to acquire 26% stake in Lotus Chocolate
short by Ambarish Awale / on Friday, 6 January, 2023
Reliance Group firms, Reliance Consumer Products Ltd (RCPL) and Reliance Retail Ventures Ltd (RRVL), have announced an open offer to acquire an additional 26% stake in Lotus Chocolate. The open offer follows RCPL's earlier announcement for the acquisition of a 51% stake in Lotus. RCPL and RRVL will together acquire 33.38 lakh shares for a total consideration of ₹38.56 crore.
read more at Financial Express