Lotus Chocolate Company Ltd — Insider Trading, 01-01-1970: Insider Trading / SAST

Reliance Consumer Products Limited (RCPL) has acquired 65,49,065 shares, representing a 51% stake in Lotus Chocolate Company Limited. This acquisition makes RCPL a promoter of Lotus Chocolate. The acquisition was executed through a scheme of arrangement. Following this, Lotus Chocolate's total equity capital remains at 12.84 Cr, comprising 1,28,41,049 equity shares of Rs. 10 each. This move is significant as RCPL expands its footprint in the consumer goods sector by taking a controlling interest in a chocolate maker.