Reliance acquires Stoke Park for 57 million pounds
London, 4/24/2021: Reliance Industries Ltd has bought Britain's iconic country club and luxury golf resort, Stoke Park for 57 million pounds ($79,116,010). Over the past four years, Reliance has announced USD 3.3 billion in acquisitions, with 80 percent being in the technology, media, and telecom (TMT) sector.
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.
"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 ...