Question
Reliance Industries has acquired _____% stake in Purple Panda Fashions Pvt Ltd for Rs 950 crore.
Solution
Reliance Industries has acquired an 89% stake in Purple Panda Fashions Pvt Ltd for Rs 950 crore. Purple Panda Fashions operates Clovia, brand of innerwear and loungewear for women. Purple Panda Fashions was started in 2013 by entrepreneurs Neha Kant, Pankaj Vermani and Suman Chowdhury.
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