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. 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.
Mukesh Ambani bought another British icon, Stoke Park, for $ 79 million
0 3 1 minute read
Mukesh Ambani wants to see his oil-dependent business towards consumer offerings
Reliance Industries Ltd, controlled by Indian industrialist Mukesh Ambani, bought Stoke Park Ltd for £ 57 million ($ 79 million).
The UK-based firm, which owns a hotel and golf course, will combine Reliance’s consumer and hospitality assets, Reliance said in a filing late on Thursday.
Mr. Ambani, who is also the richest person in Asia, is looking at the axis of his oil-trading business towards consumer offerings. In recent years he has bought the iconic British toy store Hamleys and has become India’s largest telecom operator by customers since launching services in 2016. Facebook, Google and a group of private equity and sovereign funds have invested more than $ 25 billion in their businesses. On their success.
Billionaire Mukesh Ambani buys UK s iconic Stoke Park resort
ANI/Mumbai
Stoke park country club and resort Buckinghamshire. Photo: Alamy
Two James Bond movies were filmed at the British resort.
Billionaire Mukesh Ambani’s Reliance Industries Ltd has bought Britain’s iconic country club and luxury golf resort, Stoke Park, for £57 million (about Dh290 million). The 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.
New Delhi, Apr 23: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.
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.
Reliance Industries Ltd., controlled by Indian billionaire Mukesh Ambani, bought Stoke Park Ltd. for $79 million, adding an iconic locale that’s been the setting for two James Bond films to its portfolio of tourism properties.
A wholly owned unit of Reliance Industries will buy Stoke Park, which owns and manages a hotel, sports and leisure facilities in Buckinghamshire, for 57 million pounds ($79 million), said an exchange filing late Thursday. The acquisition will add to Reliance’s consumer and hospitality assets, the filing said.
The property’s rolling golf course has been famous since James Bond played a game with Auric Goldfinger there in the 1964 blockbuster. Since then, the estate with the Georgian-era mansion set in the midst of 300 acres of parkland has also been a backdrop in productions like “Bridget Jones’s Diary” and Netflix Inc.’s British Royal Family drama “The Crown”.In real life, its 49 luxury bedrooms and suites, 27-hole championshop golf course,