Genesis Colors news and archive

Fashion mogul ups stake in India’s luxury retailer Genesis Colors

New York - Billionaire Mukesh Ambani-led Reliance Industries Ltd said on Friday it has increased its stake in luxury fashion retailer Genesis Colors Ltd and a company set up by fashion designer Raghavendra Rathore. Reliance Brands Ltd, a subsidiary of Reliance Industries, acquired an additional stake of 2.5 percent in Rathore’s Future101 Design...

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India’s Reliance Retail buys 16 percent of Genesis Colors

Indian apparel retailer Reliance Retail announced Sunday it has purchased 16.31 percent stake in readymade garment wholesaler and retailer Genesis Colors Ltd (GCL) for Rs 34.80 crore (about 4.8 million dollars.) The stake buy by the group in GCL is in addition to 49.46 percent stake already held by Reliance Brands, a subsidiary of RRVL. The...

Report

Sequoia Capital invests in Genesis Colors ahead of IPO

Genesis Colors, the owner of luxury fashion labels such as Satya Paul, is looking to launch an IPO to fund its expansion plans and provide an exit route to its investors. It filed a draft IPO in September and got market regulator Securities and Exchange Board of India’s approval in February. Media reports suggest, Sequoia Capital invested around...