Mukesh Ambani Buys UK’s Stoke Park For Rs 592 Crs Published by GulteDesk April 24, 2021
Mukesh Ambani’s frontrunner firm Reliance Industries Ltd (RIL) has bought Britain’s plush and popular country club and luxury golf resort, Stoke Park, for £57 million (Rs 592 crore).
Stoke Park is a private sporting and leisure estate in Buckinghamshire, located in the middle of 300 acres.
The procurement has now been added to Ambani’s current stake in EIH, one of the largest luxury hotel chains in India. Reliance Strategic Business Ventures Ltd holds held 18.83 per cent in EIH by March 31, 2021. Earlier, Ambani bought Hamleys in 2019 and Stoke Park is the second major acquisition of an iconic British company by him.
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Home / Business / Ambani s Reliance buys Britain s country club Stoke Park for 57 million pounds Ambani s Reliance buys Britain s country club Stoke Park for 57 million pounds Two James Bond movies - Goldfinger (1964) and Tomorrow Never Dies (1997) - were filmed at this luxury golf resort
Mukesh Ambani’s flagship firm Reliance Industries Ltd (RIL) has bought Britain’s iconic country club and luxury golf resort, Stoke Park, for £57 million (Rs 592 crore).
The acquisition adds to Ambani’s current stake in EIH, which is one of the largest luxury hotel chains in India. For the quarter ended March 31, 2021, a Reliance arm Reliance Strategic Business Ventures Ltd held 18.83 per cent in EIH.
RIL to continue acquisition spree in 2021
Mumbai |
Updated on
March 07, 2021
Reliance Industries Ltd (RIL), which has invested in more than 100 companies over the past nearly five years, will continue its buying spree in 2021, as the company is scouting for established firms across sectors.
The firm is on the prowl to acquire to stakes in technology firms such as Artificial Intelligence (AI), Blockchain, Cloud, Augmented Reality (AR), gaming and banking software among others. The company would look to invest in logistics, supply chain, retail, chemicals and energy among others.
The deals would be done through its subsidiaries such as Jio Platforms, JioMart, Reliance Retail Ventures Ltd (RRVL), Reliance Industrial Investments and Holdings Limited (RIIHL) and Reliance Strategic Business Ventures Ltd (RSBV) among others.
Updated Mar 01, 2021 | 09:09 IST
Telecom stocks will be in focus as the spectrum auctions begin today, also watch out for auto stocks as February sales data will pour in during the day. Stocks to track in trade for March 1, 2021: Jio, Bharti Airel, RIL, Nestle, IOC, Tata Chemicals | Photo Credit: BCCL
Reliance Jio, Vodafone, Bharti Airtel
The spectrum auction Begins today and on the block is 2,251 MHz of spectrum reserve price of Rs 3.92 trillion. Spectrum in bands 700MHz, 800MHz, 900MHz, 1,800MHz, 2,100MHz, 2,300MHz and 2,500MHz available and analysts expect ow competition intensity as there is sufficient spectrum and that RJio/Bharti/VIL need to spend Rs 280b/Rs 129b/Rs83b at the reserve price to renew their existing spectrum.