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Reliance Retail Ventures Limited has acquired 51% stake in Eternalia Media Private Limited, which houses the brand “Ed-A-Mamma”, by way of primary and secondary investment.
The issue got subscribed four times with Reliance Industries, through its investment arm Reliance Ventures and Quant Mutual Fund, hiking their stakes in the company.
Reliance Industries shareholders have a chance to earn one Jio Financial Services (JFSL) share, for every stock held, subject to a 'buy one, get one' offer, which ends today. The offer follows the decision to demerge RIL's financial services into a separate subsidiary.
On Thursday, at 9:27 am IST, BSE Sensex was down 23.26 points at 61,775.77 and NSE Nifty was down 5.50 points at 18,409.40.
India's GDP growth is on course to print close to 7 per cent this year in 2022-23, foreign brokerage, JP Morgan said in a report.