Mukesh Ambani’s big bet: Reliance Industries to acquire Lotus Chocolate!

The consumer goods division of Reliance Industries Ltd., Reliance Consumer Products Ltd., will purchase a majority share in Lotus Chocolate.
With the owners of Lotus Chocolates, Reliance Consumer Products Limited (RCPL) has a contract.Chocolate, goods made with cocoa, and derivatives of cocoa are produced by Lotus Chocolates.77% of Lotus Chocolate’s paid-up share capital has been bought by RCPL under the terms of the share purchase agreement.
The company’s promoters, Prakash Peraje Pai and Anant Peraje Pai, will be purchased on the stock market.Reliance will then make a non-binding bid.

Our goal is to provide our customers with top-notch goods.

In response to the arrangement, Isha Ambani, Executive Director of Reliance Retail Ventures Ltd., said: “Reliance is happy to unite with Lotus, who have
Isha Ambani, Executive Director of Reliance Retail Ventures Ltd., commented on the deal: “Reliance is thrilled to work with Lotus, who have created a solid business in cocoa and chocolate derivatives through keen commercial acumen and tenacity.
The investment in Lotus demonstrates our dedication to promoting locally produced, high-quality goods for daily use and to provide customers high-quality goods at competitive pricing.As we grow the company even more and propel it into its next stage of development, we look forward to collaborating with Lotus’ highly qualified management team.

Reliance Strategic Business Ventures, a division of Reliance Industries, has paid $25 million, or Rs 207 crore, for a 23.3% share in the American company Axin Technologies Inc.One of the top manufacturers of autonomous technology, Axin helps robots and drones negotiate challenging terrain without the use of GPS or other devices.For $25 million, Reliance Strategic Business Ventures Ltd. (RSBVL), a fully owned subsidiary of Reliance Industries, purchased a 23.3% share in Axin Technologies. RelianceInfratel was purchased.

Reliance Projects and Property Management Services Limited (RPPMSL), a Reliance Jio subsidiary, has paid about Rs 3,725 crore for a 100% interest in Reliance Infratel.Jio, which is led by billionaire industrialist Mukesh Ambani, made an offer in November 2019 for Rs 3,720 crore to buy the tower and fibre assets of the indebted Reliance Communications subsidiary. Anil Ambani, Mukesh Ambani’s younger brother, ran Reliance Communications.