Reliance Industries Ltd (RIL) on Wednesday said its arm Reliance Brands has increased its stake in Future101 Design by 2.5 per cent to 17.5 percent, according to a PTI report.
"Reliance Brands Ltd, a subsidiary of the Company, has increased its equity shareholding in Future101...
Reliance Brands has acquired 12.5 percent stake in luxury apparel firm Future101 Design for Rs 9.50 crore.
In a BSE filing, Reliance Industries said, "Reliance Brands, a subsidiary of the company, has purchased 12.5 percent equity stake in Future101 Design...