2019
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Wipro
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Infosys
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Tata Group
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Reliance Industries Ltd
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Detailed explanation-1: -NEW DELHI: Reliance Brands, a subsidiary of Reliance Industries, has completed acquisition of British toy retailer Hamleys for GBP 67.96 million (about Rs 620 crore) in an all-cash deal.
Detailed explanation-2: -Reliance Retail also has the iconic British toy retail brand Hamleys in its fold. Hamleys is the world’s oldest toy retailer and was acquired by Reliance in 2019, marking the first acquisition of a global retail brand by the company.
Detailed explanation-3: -In 2019, Reliance Brands Limited acquired Hamleys marking the first acquisition of a global retail brand.
Detailed explanation-4: -On Thursday, Reliance agreed to purchase the 259-year-old British toy store chain Hamleys from C. Banner International Holdings for $88.5 million in cash in a transaction that will “catapult Reliance Brands to be a dominant player in the global toy retail industry,” said a statement.
Detailed explanation-5: -The lack of a BIS quality mark proved costly for the famed toy shops including Hamleys owned by Mukesh Ambani’s Reliance.