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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.
NEW DELHI: 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 $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.
Rag n Bone Man and Nile Rodgers and CHIC to headline Hardwick Festival 2021
plus Imelda May, Razorlight, Sandy Rivera, Graeme Park, & more
published: Today, 03:47pm
daily capacity: 11000
The line-up has been revealed for
Hardwick Festival which takes place at
Hardwick Hall, County Durham, on
Friday 20th to Sunday 22nd August 2021.
Saturday headliners are
Organiser John Adamson, is delighted to welcome music fans back to the grounds:
Hardwick Festival is one of the highlights of our year and we are delighted to be planning its return. We have an incredible line-up this year, with artists from a huge range of genres, so I think there really will be something for everyone. After such an uncertain year, we all need something to look forward to and this year s event really is looking like it will be one of our best yet.
By siliconindia | Friday, 23 April 2021, 04:38 Hrs Mukesh Ambani’s Reliance Industries has acquired the Stoke Park Ltd. The deal was closed for 57 million pounds ($79 million). In a filing, Reliance states that the U.K.-based firm possesses a hotel and golf course, would now add to Reliance s consumer and hospitality assets. Ambani, richest person in Asia, is planning to pivot his oil-reliant business toward consumer offerings. However, in recent years he has procured iconic British toy store Hamleys and has swiftly become India s biggest telecom operator by subscribers since the inception of its services in 2016. Facebook, Google and a clutch of private equity and sovereign wealth funds have capitalised more than $25 billion into Ambani’s businesses betting on their success.