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Reliance Hikes Stake

Reliance Anil Dhirubhai Ambani Group (R-ADAG) company Reliance MediaWorks has acquired an additional 1.89 lakh shares of multiplex chain Fame India along with two other group firms, taking the total stake in the multiplex chain to 14.34 per cent.

R-ADAG’s three entities, namely Reliance MediaWorks, Reliance Capital and Reliance Capital Partners, have acquired 1.89 lakh equity shares or a 0.54-per cent stake, of Fame at an average price of Rs 78.33.

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