Tuesday, March 5, 2019

RIL to buy logistics services firm

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Reliance Industries has entered into agreements to acquire logistics services platform Grab A Grub in a bid to augment the group’s digital commerce initiatives and strengthen its logistics services.
Its wholly-owned subsidiary Reliance Industrial Investments and Holdings has entered into an agreement for the acquisition of equity shares of Grab A Grub Services Private Ltd for a cash consideration not exceeding Rs 106 crore.

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