Reliance Retail Ventures Ltd increases stake in Genesis Colors Ltd to 19 63 pc

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Mumbai, Sep 15 (UNI) Mukesh Ambani Controlled Reliance Industries Limited (RIL) stated that its Subsidiary Reliance Retail Ventures Limited (RRVL), has bought an extra stake of three.10 pc fairness holding in Genesis Colors Limited (GCL) for a consideration of Rs 8.39 crore, taking its complete stake in GCL to 19.63 pc.

This is in addition to 49.46 pc fairness holding in GCL held by Reliance Brands Limited (RBL), a subsidiary of RRVL, intimation of which was given vide earlier communication dated September 8, 2018.

Accordingly, the mixture fairness shareholding of RRVL and RBL in GCL stands at 69.10 pc,RIL stated in a submitting with BSE.

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