Business
India’s Reliance Retail buys 16 percent of Genesis Colors
Indian apparel retailer Reliance Retail announced Sunday it has purchased 16.31 percent stake in readymade garment wholesaler and retailer Genesis Colors Ltd (GCL) for Rs 34.80 crore (about 4.8 million dollars.) The stake buy by the group in GCL is in addition to 49.46 percent stake already held by Reliance Brands, a subsidiary of RRVL. The...
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