CosmicTaco

Reliance Acquires 51% Stake in Mothercare India

CosmicTaco · 2024-10-18T11:41:49.197377+05:30

- **Mothercare** forms a joint venture with **Reliance Brands Holding UK**, enhancing its presence in South Asia. - Reliance acquires a **51% stake** in the JV for **16 million pounds** ($21 million), with Mothercare retaining **49%**. - The deal includes brand rights for **India, Nepal, Sri Lanka, Bhutan, and Bangladesh**. - Mothercare refinances debt with **Gordon Brothers** and secures new debt facilities of **8 million pounds**. - Reliance aims to **double its retail business** in India within the next **three to four years**. Source: [News 18](https://www.news18.com/business/uks-mothercare-partners-with-reliance-brands-to-strengthen-south-asia-presence-9089949.html), [The Times Of India](https://timesofindia.indiatimes.com/business/india-business/reliance-retail-to-buy-51-in-mothercares-india-ops/articleshow/114332292.cms)

Mothercare forms a joint venture with Reliance Brands Holding UK, enhancing its presence in South Asia.
Reliance acquires a 51% stake in the JV for 16 million pounds ($21 million), with Mothercare retaining 49%.
The deal includes brand rights for India, Nepal, Sri Lanka, Bhutan, and Bangladesh.
Mothercare refinances debt with Gordon Brothers and secures new debt facilities of 8 million pounds.
Reliance aims to double its retail business in India within the next three to four years.