InvestorQ : What is the logic of Reliance buying the Abu Jani line of fashion?
Arusha Ray made post

What is the logic of Reliance buying the Abu Jani line of fashion?

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4 weeks ago
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Reliance Brands, a subsidiary of Reliance Retail Ventures, will buy 51% in Abu Jani Sandeep Khosla (AJSK) fashion line. This will add one more ensemble to the rich line of fashion labels acquired by Reliance Retail. AJSK gets a much bigger platform and bigger balance sheet to fuel its global ambitions. AJSK is a 35 year old fashion brand in India.

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