December 14, 2016 / 2:57 PM / 10 months ago

BRIEF-Hastings says Rand Merchant bought 29.9 pct stake in company

Dec 14 (Reuters) - Hastings Group Holdings Plc

* Board of company welcomes investment by RMI in company

* Acquisition of up to 29.9 pct holding in company

* Relationship agreement also contains a standstill provision prohibiting RMI from increasing holding beyond 29.9 percent Source text for Eikon: Further company coverage: (Bengaluru Newsroom)

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