New Delhi: Mukesh Ambani-led Reliance Industries is Indias largest company by market capitalization. Reliance Industries share price closed with a gain of 0.85 percent at the level of Rs 1395.00 on Friday. The companys market capitalization stands at Rs 18.87 lakh crore making it the company with the largest market cap among those listed in the Indian market. It is important to note that Reliance Industries has been acquiring stakes in several companies. Here are some of the key details: In 2022 Reliance Industries bought a stake in Lotus Chocolate Company to strengthen its ambitions in the FMCG sector. The main objective behind this move was to establish and expand Reliance’s presence in the FMCG business. During Reliance Industries’ Annual General Meeting in 2022 Mukesh Ambani had announced the company’s entry into the FMCG business. In December 2022 Reliance Retail Ventures Limited (RRVL)s wholly owned subsidiary Reliance Consumer Products Limited (RCPL) acquired a controlling 51 percent stake in Lotus Chocolate Company Limited. As soon as Reliance Industries acquired a stake in Lotus Chocolate its share price witnessed a stormy surge. Shares of Lotus Chocolate Company Ltd are trading at the level of ₹1191.30. From ₹130 in January 2022 the stock climbed to ₹2485 by August 2024. This meteoric rise in the stock came solely due to Reliance’s entry. Why did Reliance Industries acquire a stake in Lotus Chocolate Company? Because of its unique products and integrated value chain the Reliance Industries bought the Lotus Chocolate. It is important to note that the Lotus Chocolate is a leading cocoa processor that manufactures chocolates cocoa products such as cocoa mass powder butter and derivatives. The company covers the entire value chain — from sourcing cocoa beans to delivering finished chocolate — and supplies to everyone from local bakeries to multinational companies. This strength made Reliance Industries acquire a stake in Lotus Chocolate. While investing in Lotus Chocolate RRVL’s Executive Director Isha Ambani said that this investment is aimed at promoting indigenously developed high-quality daily-use products making them available to consumers at affordable prices. She added that the investment will help expand the business and drive the next phase of growth.