RIL said the acquisition will add to the consumer and hospitality footprint of the group which already has investments in EIH Ltd, Stoke Park Limited in UK.
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RIL buys iconic UK property Stoke Park for $79 million
23 April 2021
Mukesh Ambani owned- Reliance Industries Ltd (RIL) has bought iconic Britih property Stoke Park for 57 million pounds ($79 million) as part of its moves to reduce dependence on oil business and expand into consumer-facing businesses.
RIL’s UK arm, which will own the business, said in a regulatory filing that Stoke Park, which owns a hotel and golf course in Buckinghamshire, UK, will add to RIL s consumer and hospitality assets. Reliance Industrial Investments and Holdings Ltd (RIIHL), a wholly-owned subsidiary of Reliance Industries Limited, has on April 22, 2021, acquired the entire issued share capital of Stoke Park Limited, a company incorporated in the United Kingdom, for 57 million pounds, RIL stated in the filing.
Mukesh Ambani buys Britain country club for ₹592 crore
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April 23, 2021 12:56 IST
Two iconic James Bond movies Goldfinger (1964) and Tomorrow Never Dies (1997) were filmed at Stoke Park.
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Mukesh Ambani, the richest person in India and also the wealthiest in Asia, is ranked 10 on the global billionaires’ list. | Photo Credit:
Reuters
Two iconic James Bond movies Goldfinger (1964) and Tomorrow Never Dies (1997) were filmed at Stoke Park.
Billionaire Mukesh Ambani’s Reliance Industries Ltd has bought Britain’s iconic country club and luxury golf resort, Stoke Park, for 57 million pounds (about ₹592 crore).
Over the past four years, Reliance has announced $3.3 billion in acquisitions with 14% in retail, 80% in technology, media, and telecom (TMT) sector, and 6% in energy.
Mukesh Ambani buys Britain s iconic country club Stoke Park for 57 million pounds
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Last Updated: Apr 23, 2021, 12:15 PM IST
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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.
Billionaire Mukesh Ambani s Reliance Industries Ltd has bought Britain s iconic country club and luxury golf resort, Stoke Park, for 57 million pounds (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 USD 3.3 billion in acquisitions with 14 per cent in retail, 80 per cent in technology, media, and telecom (TMT) sector, and 6 per cent in energy.
Mukesh Ambani s Reliance Industries buys Britain s iconic country club Stoke Park for ₹592 crore
Mukesh Ambani s Reliance Industries buys Britain s iconic country club Stoke Park for ₹592 crore
PTIApr 23, 2021, 12:59 IST
Business Insider
Reliance Industries Ltd has bought Britain s iconic country club and luxury golf resort, Stoke
Park, for 57 million pounds (about ₹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 USD 3.3 billion in acquisitions with 14 per cent in retail, 80 per cent in technology, media, and telecom (TMT) sector, and 6 per cent in energy.