Reliance Industries Ltd buys UK’s Stoke Park


New Delhi, April 23

Reliance Industries Ltd (RIL) has bought Britain’s iconic country club and luxury golf resort, Stoke Park, which featured in James Bond movies, for £57 million (about Rs 592 crore). The acquisition adds to Reliance’s current stake in Oberoi hotels and hotel/managed residences in Mumbai that it’s developing.

Over the past four years, Reliance has announced $3.3 billion in acquisitions, with 80% being in the technology, media, and telecom sector.


Rs 592-cr buyout


The Rs 592-crore acquisition adds to Reliance’s current stake in Oberoi hotels and hotel/managed residences in Mumbai that it’s developing

The UK-based firm, which owns a hotel and golf course in Buckinghamshire, UK, will add to Reliance’s consumer and hospitality assets, the firm said in a filing late on Thursday. — PTI



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