India's Lotus Chocolate rises 5% as Reliance Retail agrees to buy majority stake

India's Lotus Chocolate rises 5% as Reliance Retail agrees to buy majority stake

Shares of Lotus Chocolate Co rose 5% on Friday, a day after a unit of Reliance Retail Ventures agreed to buy a majority stake in the Indian chocolate maker for 740 million rupees ($8.94 million).

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