News of Retail in Gujarat

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

Tribhovandas Bhimji Zaveri opens 32nd store ‘TBZ-The Original’ at Ranchi in Jharkhand

RANCHI | MUMBAI | AHMEDABAD | RAJKOT – Tribhovandas Bhimji Zaveri Ltd opens 32nd store ‘TBZ-The Original’ at Ranchi – the capital city of Jharkhand state, Ranchi showroom is the is the latest in East after the company having showrooms at Kolkotta, Patna, Jamshedpur and Dhanbad, the company statement said.  TBZ-The Original opening at Ranchi

Britannia to sell ready to eat croissants, forms joint venture with a Greek company

MUMBAI | AHMEDABAD | RAJKOT – Britannia Industries Ltd has formed a joint-venture company in 60:40 ratio with Greek confectioner and baker – Chipita SA with a lock-in period for 10 years, to serve ready to eat croissants and other products as agreed upon by both players, Britannia and Chipita together will invest 1 billion

AB Nuvo shareholders to meet on April 10 at Veraval (Gujarat) to give nod to AB Nuvo, Grasim Ind merger

VERAVAL | MUMBAI | AHMEDABAD | RAJKOT – Meetings of the Equity Shareholders, Secured Creditors and Unsecured Creditors of Aditya Birla Nuvo Ltd is scheduled to on 10th April, 2017 at Auditorium in Indian Rayon Compound located at Veraval in Gujarat State, the registered office of Aditya Birla Nuvo Ltd, the company update said. E-Voting

Zydus Wellness board approves interim 6.5 rupee dividend for 390 million shares of 10 rupees each

AHMEDABAD | MUMBAI | RAJKOT – Zydus Wellness Ltd board has finally approved interim dividend of 6.5 rupees per for 390 million (3,90,72,089) equity shares of 10 rupees each for the financial year 2016-17 (April-March), the company update said. The interim dividend amounting to 254 million (shall be paid to the shareholders entitled thereto, on

Lypsa Gems subsidiary bags 155-mn-rupee diamonds, diamond studded jewellery order from Middle East

NAVSARI | MUMBAI | AHMEDABAD | RAJKOT – Lypsa Gems & Jewellery Ltd’s subsidiary company Lypsa DMCC bagged order for supply of diamonds and diamond studded jewellery from UAE based customers valued at 155 million (15.5 crore) rupees, the company press release said. Commenting on the new prestigious order and industry turnaround, Jeeyan Patwa, Director,

Eight Edition of Vibrant Gujarat, Global Investors Summit – 2017 hits 25,578 MoUs, for undisclosed amount

Camp : MAHATMA MANDIR (GANDHINAGAR) – In Eight Edition of Vibrant Gujarat, Global Investors Summit 2017 over three days sessions, 25,578 Memorandums (Memorandum of Understanding – popularly termed as MoU) were inked, Deputy Chief Minister Nitin Patel announced the figure without disclosing the final amount attracted for investment in state of Gujarat vide 25,578 inked