Reliance Industries completes acquisition of Hamleys Global for GBP67.96mn

The company's subsidiary Reliance Brands completed the acquisition of 100% stake of Hamleys Global Holdings Ltd through a special purpose vehicle company set up in the United Kingdom for cash consideration of GBP67.96 mn.

Jul 18, 2019 06:07 IST India Infoline News Service

Reliance Industries said subsidiary Reliance Brands completed the acquisition of 100% stake of Hamleys Global Holdings Ltd through a special purpose vehicle company set up in the United Kingdom for cash consideration of £67.96mn.

"Further to our previous communication dated May 9, 2019, regarding acquisition of Hamleys Global Holdings Limited (“HGHL”), we hereby inform that Reliance Brands Limited, subsidiary of Reliance Industries Limited, has completed acquisition of 100% stake of HGHL through a special purpose vehicle company set up in the United Kingdom for cash consideration of GBP 67.96 mn", the company said in the press note.

Reliance Industries Ltd is currently trading at Rs1,274.15, down by Rs7.4 or 0.58% from its previous closing of Rs1,281.55 on the BSE.

The scrip opened at Rs1,281.90 and has touched a high and low of Rs1,286.20 and Rs1,270.80 respectively.

Reliance Industries unit buys British toy retailer Hamleys

Related Story