Reliance Consumer Products Limited entered into a share purchase agreement to acquire 51% stake in Lotus Chocolate Company Limited (BSE:523475) from Ananth P. Pai and Prakash P. Pai for approximately INR 740 million on December 29, 2022. As per the terms, the offer per share is INR 113. In a related transaction, Reliance Consumer Products Limited mad an offer to acquire 26% stake in in Lotus Chocolate Company.

Reliance Consumer Products Limited completed the acquisition of 51% stake in Lotus Chocolate Company Limited (BSE:523475) from Ananth P. Pai and Prakash P. Pai on May 24, 2023.