Reliance Industries buys global toy retailer Hamleys for undisclosed amount

Company picks up 100% stake in the toy retailer from C Banner International Holdings, a Hong Kong-listed company.

Reliance Industries has acquired British toy retailer Hamleys, the energy-to-telecoms conglomerate said on Thursday.

Reliance Industries, which runs the world's biggest single-location crude oil refinery in western India, has been gradually transforming itself into a consumer-facing behemoth through its retail and telecoms ventures.

Through its Reliance Brands subsidiary, the company signed an agreement to buy Hamleys from Hong Kong-listed C Banner International Holdings.

Reliance did not disclose the price, but in 2015 C Banner had bought it for 100 million pounds ($130.2 million) from France's Groupe Ludendo.

The acquisition marks the first foray of billionaire Mukesh Ambani-owned Reliance Industries in