 "Mukesh Ambani, Reliance Industries")
Billionaire Mukesh Ambani-led Reliance Industries has raised its stake in luxury apparel firms Future101 Design and Genesis Colors to strengthen its foothold in the retail industry.
Reliance Brands Ltd (RBL), a unit of RIL, "has acquired a further stake of 2.5 per cent in Future101 Design Pvt Ltd on February 7, 2019, for a consideration of Rs 1.99 crore, taking its total stake in Future101 to 15 per cent," the company said in a regulatory filing.
Also, Reliance Retail Ventures Ltd (RRVL), a separate subsidiary of the company, acquired a further stake of 9.44 per cent in Genesis Colors Ltd (GCL), for
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