After the acquisition of British toymaker Hamleys, shares of Reliance Industries has significantly shown a gain in the shares by nearly 2 percent.
Reliance Brands (RBL), a subsidiary of Reliance Industries has come in to the agreement to acquire, subjected to terms and conditions definitively stated in the agreement either by itself or through a direct or indirect wholly-owned subsidiary of, and controlled by, RBL, 100% equity shares of Hamleys Global Holdings for a cash deliberation of GBP 67.96 million, Reliance Industries said in a BSE filing.
At 10:10 hrs Reliance Industries was quoting at Rs 1,267.95, up to Rs 12.80, or 1.02 percent on the BSE.
Hamley currently runs 167 stores across 18 countries and Reliance Lifestyle Holdings, a subsidiary of the parent company, runs and operates the Indian franchise of the Hamleys. India has a total of 88 stores run and managed by Reliance, as of now.