News of Retail in Gujarat

Libas Designs migrates to NSE Main Board

MUMBAI | AHMEDABAD-GANDHINAGAR | RAJKOT – In a regulatory filing submitted to the Indian Bourses, Mumbai headquartered fashion brand Libas Designs Ltd said of the Company Migrating to NSE (National Stock Exchange) Main Board, emerges as one of the few companies in the history of NSE to have migrated to Main Board. The statement submitted

MDA led Reliance Group completes acquisition of Hamleys (Toys brand) for £67.96 million

MUMBAI | AHMEDABAD-GANDHINAGAR | RAJKOT – In a regulatory update submitted to the Indian Bourses, Indian conglomerate Mukesh Dhirubhai Ambani owned Reliance group said of having completed acquisition of Hamleys Global Holdings Ltd for cash-consideration of Great Britain (Sterling) Pound £67.96 million. The filing submitted to the exchange read that, Further to our previous communication

Infibeam fires auditors alleging breach of trust

GANDHINAGAR (AHMEDABAD) | MUMBAI | RAJKOT – In a regulatory update and a press release submitted to the Indian Bourses on Sunday as well on Monday, Gandhinagar (Ahmedabad) headquartered Infibeam Avenues Ltd said of having terminated its existing joint statutory auditors, alleging the breach of trust by the auditors further revealing price-sensitive information. In a

Implementing digital strategies, Titan achieves 21% growth for FY19

BENGALURU | MUMBAI | RAJKOT – In a regulatory quarterly business update, Bengaluru headquartered Titan Ltd (A TATA Enterprise) said of having achieved 21% growth for financial year 2018-19, with digital initiatives successfully implemented across several business verticals. The Company continued the good growth momentum of the past few years in the financial year ended

Pennar Industries to scale-up ‘Build360’ retail outlets

HYDERABAD | MUMBAI | RAJKOT – Pennar Industries to scale up ‘Build360’ retail outlets for branded building products, aims to take the total store count to increase from current 11 to 42 by FY2020, the company said in a press release submitted to the Indian Stock Exchanges on Tuesday. The Company plans to scale up number

#DLGBrainStormers | “WHY RAJKOT?” as a Real Estate Destination(!)

DISCLAIMER : THIS IS NEITHER A “PAID” NOR AN “ADVERTORIAL / COMMERCIAL COVERAGE”. RAJKOT – City based, RAJKOT BUILDERS ASSOCIATION (RBA) stagged an event with glitz and glamour titled PROPERTY EXPO SHOWCASE 2019, with a forward & backward integration of INTERIOR DESIGNERS BODY. The aim of organizing event is to showcase the world, as to

RIL subsidiary shells 92 crore rupees to buy stake in fashion & lifestyle brands

MUMBAI | RAJKOT – Reliance Industries Ltd’s subsidiary companies Reliance Brands Ltd and Reliance Retail Ventures Ltd  have now acquired a combined stake of 65.77% in Genesis Colors Ltd, the company (RIL) said in regulatory filing submitted to the Exchanges in India, on Monday. Reliance Retail Venture Ltd, subsidiary arm of Reliance Industries Ltd paid

RIL’s stake in Genesis Colors now at 46.39%

MUMBAI | RAJKOT – In a regulatory filing submitted to the exchanges late night on Tuesday, Reliance Industries Ltd said of having acquired additional 12.56% equity in Genesis Colors Ltd via its brands subsidiary Reliance Brands Ltd paying 527.7 million (~52.77 crore) rupees, further stake in Genesis at 46.39% from 33.83% as announced just 3

RIL’s stake buying exercise in Genesis Colors’ in full-swing

MUMBAI | RAJKOT – In a regulatory filing submitted to the exchanges by Reliance Industries Ltd, the company said of its  subsidiary brands arm Reliance Brands Ltd having acquired additional 22.18% stake in Genesis Colors Ltd for 931.6 million (~93.16 crore) rupees, further raising the stake from 11.65% to 33.83%. This is to inform that

RIL subsidiary Reliance Brands pays 341.7 million rupees, to buy additional 8.14% stake in Genesis Colors

MUMBAI | RAJKOT – Reliance Industries Ltd, in a regulatory filing said of having brought additional 8.14% stake in readymade garments, bags, footwear and accessories manufacturing company paying 341.7 million rupees. Reliance Brands Limited, a subsidiary of the Company, has purchased an additional 8.14% equity stake in Genesis Colors Ltd (GCL) for about 341.7 million

Phoenix shakes hand with Ahmedabad based realtor, will buy land, construct mall in Ahmedabad

MUMBAI | AHMEDABAD | RAJKOT – The Phoenix Mills Ltd enters into 50:50 joint venture with Ahmedabad based BSafal group to buy land and construct mall, Phoenix will invest 2.3 billion rupees into the joint-venture company, the company said in regulatory filing submitted to exchanges in India on Saturday. The joint-venture company has proposed to

V2 Retails opens 66th store in India, the new store is at Khatima in Uttarakhand

NEW DELHI | MUMBAI | RAJKOT – In a regulatory filing submitted to the Exchanges in India, V2 Retail Ltd said of having opened 66th store in the nation. The newly opened V2 Retail Store is at Khatima, Uttarakhand. With the newly opened store in Uttrakhand, company now has four (4) V2 Retail stores in

Biyani family owned Future Lifestyle to acquire 29.9% stake in Koovs

MUMBAI | RAJKOT – Kishore Biyani promoted Future Lifestyle Fashions Ltd, part of Future Group has agreed to subscribe 29.9% stake in Alternative Investment Market (AIM) London (United Kingdoms) listed Koovs plc., one the leading e-commerce fashion business, the investment is subject to regulatory and procedural approvals, Future Lifestyle Fashions informed the Exchanges in India

Gujarat Fluro gives 1-bln-rupee bank guarantee for a stepdown subsidiary

VADODARA (BARODA) | MUMBAI | RAJKOT – Vadodara headquartered Gujarat Fluorochemicals Ltd has given unconditional irrevocable corporate guarantee to Yes Bank Ltd for the term-loan of 1 billion rupees (~ 100 crore Indian Rupees) sanctioned by the bank to Inox Wind Infrastructure Services Ltd, step down subsidiary of the company, Gujarat Fluoro regulatory filing to

EXCLUSIVE FIRST NEWS BREAK ON DATELINE GUJARAT : Arvind Ltd inks pact with Italian co to manufacture ‘Smart’ Jeans

  LOMAZZO (ITALY) | AHMEDABAD | RAJKOT (INDIA) – Directa Plus plc, a leading producer and supplier of graphene-based products for use in consumer and industrial markets, has entered into an exclusive collaboration agreement with Lalbhai Family owned Ahmedabad headquartered Arvind Ltd, India’s leading textile-to-retail-and-brands conglomerate, to infuse the high-performance benefits of Directa Plus’ G+

Beating global bidders, Rajesh Exports bags 8.87-bn-rupee jewellery exports order from UAE

BANGALORE | MUMBAI | AHMEDABAD | RAJKOT – Rajesh Exports Ltd got an exports order from well established and prestigious global white label importer from United Arab Emirates (UAE) valued at 8.87 billion (887 crore) rupees, scheduled to be completed by July 2017, the company press release said. “The order has been procured beating global