Mukesh Ambani acquires Britain’s iconic Stoke Park for Rs 592 crore

Reliance Industries Ltd of billionaire Mukesh Ambani has bought Britain’s Stoke Park, reported PTI. The company bought the iconic country club and luxury golf resort for 57 million pounds (about Rs592 crore).

This adds to the acquisition of the company, which has over the past four years announced $3.3 billion in acquisitions. It includes 4% in retail, 80% in the technology, media, and telecom (TMT) sector, and 6% in energy.

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Britain’s Stoke Park, which owns a hotel and golf course in UK’s Buckinghamshire, will add to Reliance’s consumer and hospitality assets, the firm said in a filing late on Thursday, as per the news agency.

“Reliance Industrial Investments and Holdings Ltd (RIIHL), a wholly-owned subsidiary of Reliance Industries Limited, has on April 22, 2021, acquired the entire issued share capital of Stoke Park Limited, a company incorporated in the United Kingdom, for 57 million pounds,” it said.

“RIIHL will look to enhance the sports and leisure facilities at this heritage site, while fully complying with the planning guidelines and local regulations,” Reliance said.

This acquisition will add to the consumer and hospitality footprint of the oil-to-telecom conglomerate.

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This is Ambani’s second major acquisition of an iconic British company, after his 2019 purchase of Britain’s iconic toy store Hamleys.