Reliance buys additional stake in Future101, Genesis Colors

NEW DELHI: Billionaire Mukesh Ambani-led Reliance Industries has raised its stake in luxury apparel firms Future101 Design and Genesis Colors to strengthen its foothold in retail industry. Reliance Brands (RBL), a unit of RIL, "has acquired a further stake of 2.5 per cent in Future101 Design Pvt Ltd on February 7, 2019, for a consideration of Rs 1.99 crore, taking its total stake in Future101 to 15 per cent," the company said.