GulfHindi English Desk: Reliance Retail Ventures, a subsidiary of Reliance Brands, is in talks to acquire actress Alia Bhatt’s hair clothing brand, Ed-a-Mamma. The deal is estimated to be between 300 and 350 crore rupees and will help strengthen Reliance’s hair clothing portfolio.
Ed-a-Mamma primarily sells its products online and was established in 2020. Its main objective is to promote environmental conservation through hair clothing products.
The deal is expected to be finalized within the next 10 days, allowing Reliance to further enhance its hair clothing business. This acquisition will be a significant step for Reliance, providing it with an opportunity to expand its children’s wear portfolio.
In addition, Reliance’s regional expertise will also grow, directly impacting its shares. The acquisition will not only include the company’s profits but also contribute to the growth of Reliance’s accounts. With increased profits, the shares are expected to experience a positive surge.
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en.gulfhindi.com News Summary
👉Reliance Retail Ventures, a subsidiary of Reliance Brands, is in talks to acquire Bollywood actress Alia Bhatt’s hair apparel brand Ed-a-Mamma. The deal could be worth between 300 to 350 crore rupees.
👉Ed-a-Mamma primarily sells its products online through a digital platform. The brand was established in 2020 with the aim of promoting environmental conservation through hair apparel products.
👉The deal is expected to be finalized within the next 10 days, which will further strengthen Reliance’s hair apparel business. This acquisition will provide an opportunity for Reliance to expand its children’s wear portfolio.
👉The direct impact of this deal will be seen in Reliance’s shares, as the company’s regional expertise will increase. The profits of the acquired company will also contribute to Reliance’s overall profits, resulting in a larger account book and potential share price increase.
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