The Exchange has received the disclosure under Regulation 10(6) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Reliance Consumer Products Ltd
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Reliance Consumer Products Ltd (formerly Tira Beauty Ltd, referred to as 'New RCPL') has acquired 65,49,065 equity shares of Lotus Chocolate Company Ltd, representing 51% of its share capital. The acquisition was executed through a Composite Scheme of Arrangement sanctioned by the NCLT Mumbai Bench on November 06, 2025, and effective from December 01, 2025. Under the scheme, the FMCG business of Reliance Retail was consolidated, RCPL was merged into RRVL, and the Consumer Brands Business Undertaking (which included the Lotus Chocolate shares) was demerged into New RCPL. Reliance Industries Ltd continues to be the ultimate holding company of both New RCPL and Lotus Chocolate. The acquirer has claimed exemption from making an open offer under Regulation 10(1)(d)(iii) of the SEBI Takeover Regulations.
For Lotus Chocolate shareholders, the 51% stake now sits directly under Reliance Consumer Products Ltd instead of the old RCPL entity, but the ultimate control via Reliance Industries Ltd remains unchanged. No open offer is triggered, so minority shareholders cannot exit at a takeover price, though the Reliance backing may be viewed positively for business growth.