The Exchange has received the disclosure under Regulation 29(1) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Reliance Consumer Products Ltd
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Reliance Consumer Products Limited (formerly Tira Beauty Limited) has acquired 65,49,065 equity shares, equal to 51% of Lotus Chocolate Company Limited, making it the new Promoter of the company. The acquisition happened on December 1, 2025 as part of a composite scheme of arrangement within the Reliance group (involving Reliance Retail, Reliance Retail Ventures, and the earlier RCPL/Tira entities) that was approved by the NCLT Mumbai Bench on November 6, 2025. Before this acquisition, the acquirer held zero shares in Lotus Chocolate, so the entire 51% stake is fresh. Importantly, the transaction qualifies for exemption under Regulation 10(1)(d)(iii) of the SEBI Takeover Code, meaning no open offer to public shareholders is triggered. Total share capital of Lotus Chocolate remains Rs. 12.84 crore divided into 1.28 crore equity shares of Rs. 10 each.
This is a control change for Lotus Chocolate — Reliance (through its consumer products arm) is now the promoter with a majority 51% stake, which is a significant development for the stock. Because the acquisition falls under a scheme-based exemption, public shareholders do not get a mandatory open offer to exit, but increased promoter backing from a large corporate group could bring fresh strategic direction and potential resources to the chocolate business.