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New Deal


Announced

Completed

Reliance completed the acquisition of amante from MAS Holdings.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Sources

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Tags

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Completed

Friendly

Sri Lanka

Private

Majority

Cross Border

Clothing and Accessories

lingerie

Acquisition

Single Bidder

Synopsis

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Reliance Industries’ retail arm Reliance Retail Ventures, completed the acquisition of amante, a lingerie brand, from MAS Holdings, a clothing and accessories manufacturer. Financial terms were not disclosed. “The acquisition by Reliance ensured that ‘amante’ would benefit from Reliance’s scale and retail expertise and that the brand we created and our employees in India and Sri Lanka will continue to benefit from being a part of a well-established retail company," Mahesh Amalean, MAS Holdings Chairman.

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