Reliance Industrial Investments and Holdings Limited , a wholly owned subsidiary of
Reliance Industries Limited, which is controlled by Indian billionaire Mukesh Ambani, on Thursday, acquired the entire issued share capital of Stoke Park Limited, a company incorporated in the United Kingdom, for £57 million ($79 million).
Stoke Park Limited owns and manages sporting and leisure facilities in Stoke Poges,
Buckinghamshire, UK. The facilities include a hotel, conference facilities, sports facilities and one of the highest rated golf courses in Europe, the company said in a filing.
RIIHL will look to enhance the sports and leisure facilities at this heritage site, while fully complying with the planning guidelines and local regulations.
This acquisition will add to the consumer and hospitality footprint of the group. The group already has investments in EIH Ltd (Oberoi Hotels), and is developing state-of-the-art convention centre, hotel and managed residences in BKC Mumbai.
Mayer Brown International LLP and Khaitan & Co acted as legal counsels for the transaction, and Ernst & Young UK advised on financial and tax matters.
