, India
Source: Reliance Retail

Reliance Consumer buys 51% stake in Lotus Chocolate

The aggregate consideration stood at INR74 crore.

Reliance Consumer Products Limited (RCPL) has completed the acquisition of 51% of Lotus Chocolate Company Limited’s controlling stake. 

The acquisition involved an aggregate consideration of INR74 crore, the company noted. 

Read more: Reliance Consumer relaunches Campa in bid to rival Coca-Cola, PepsiCo

RCPL also subscribed to non-cumulative redeemable preference shares of LOTUS for an aggregate consideration of INR25 crore.

Moreover, RCPL completed the acquisition of equity shares, in relation to the open offer made under SEBI Takeover Regulations.

RCPL has taken sole control of LOTUS, effective 24 May.

 

Follow the link for more news on

Join Retail Asia community
Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

Exclusives

‘K-beauty’ takes over skincare world
Products with natural Korean ingredients are in high demand in China and the US.
KCG eyes expansion beyond Java
The fashion retailer seeks to expand in Sumatra and Borneo.