Investment3 Dec 2025, 11:21 pm
Reliance Industries Acquires 49% Stake in Oval Invincibles Limited for GBP 60,270,000
AI Summary
Reliance Industries Ltd, through its subsidiary Reliance Strategic Business Ventures Limited (RSBVL), has acquired a 49% stake in Oval Invincibles Limited (Oval Invincibles) from England and Wales Cricket Board (ECB) for an aggregate consideration of GBP 60,270,000. Oval Invincibles was incorporated in England and Wales on May 10, 2019, with a turnover of GBP 2,331,613, GBP 2,102,249 and GBP 2,125,194 for the years ended January 31, 2025, 2024, and 2023, respectively. This investment is not a related party transaction and does not require any governmental or regulatory approvals.
Key Highlights
- Reliance Industries Ltd subsidiary acquires 49% stake in Oval Invincibles Limited for GBP 60,270,000
- Oval Invincibles was incorporated in England and Wales on May 10, 2019
- Oval Invincibles reported a turnover of GBP 2,331,613, GBP 2,102,249 and GBP 2,125,194 for the years ended January 31, 2025, 2024, and 2023, respectively
- The investment is not a related party transaction and does not require any governmental or regulatory approvals