Mukesh Ambani’s company Reliance Industries Limited has made a big deal
New Delhi:
Billionaire industrialist Mukesh Ambani’s company Reliance Industries Ltd has bought Stoke Park, Britain’s iconic country club and luxury golf resort, for £ 5.70 million (about Rs 592 crore). The acquisition of Reliance comes with the current acquisition of its Ambroy Hotel and its systematic hotel facilities being developed by it in Mumbai. Reliance Industries has announced a $ 3.3 billion takeover in the last four years. Of this, 14 percent was done in the retail sector, 80 percent in technology, media and telecom sector, while the remaining six percent was invested in the energy sector.
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In a regulatory notice sent late Thursday evening, Reliance has said that Stoke Park, based in Britain, will form part of its consumer and hospitality property sector. The company owns a hotel and golf course in Buckinghamshire, UK. The regulatory information stated, ‘Reliance Industrial Investments and Holdings Ltd (RIIHL), a wholly owned company of Reliance Industries Ltd, has set up a company in Stoke Park, UK on 22 April 2021. Ltd. has acquired entire paid-up share capital. This acquisition was done for 5.70 million pounds.
Stoke Park Limited is owned and managed by Stoke Pogues, a sports and hospitality facility in Buckinghamshire, UK. It includes a hotel, auditorium, sports facilities and golf course. Reliance said, “RITHL will enhance facilities to spend sports and holidays at this heritage site, and for this the planning guidelines and local regulations will be fully followed.”
(This news has not been edited by the NDTV team. It has been published directly from the Syndicate feed.)