Reliance Buys 51% Stake In Lotus Chocolate, Upper Circuit Of 5% In The Company’s Stock

Reliance Consumer Products Limited, a subsidiary of Reliance Retail Ventures, has bought 51% stake in Lotus Chocolate Company. For Rs 74 crore, 65,48,935 shares of Lotus have been bought at a price of Rs 113.00 per share. It has also announced an open offer for an additional 26% (33,38,673 shares) stake in Lotus. Reliance Retail gave this information in its regulatory filing.