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Reliance Brands Restricted part of the retail arm of billionaire Mukesh Ambani owned Reliance Industries acquired a 40 % stake in brand Manish Malhotra to accelerate the 16 year old couture house s development in India and across the globe. On Friday, October 15, Reliance Brands and Manish Malhotra announced a strategic partnership as aspect of the deal. This is the first external investment for Manish Malhotra s brand, which has been privately held by the designer so far.
