Tag Archives: Reliance Industries Ltd

Reliance invests 2.95 bln INR, to buy 87.6% stake in an E-Comm Software Firm

MUMBAI | AHMEDABAD-GANDHINAGAR | RAJKOT – In a regulatory update submitted to the Indian Stock Exchanges, Indian Conglomerate – Mukesh Ambani led Reliance Group (Reliance Industries Ltd) said of one of its subsidiary companies having brought 87.6% stake in a software technology company for e-commerce, investing 295.25 crore rupees. The statement submitted by the company

RIL subsidiary acquires 37% stake in US based analytics biz tech start-up Netradyne

MUMBAI | RAJKOT – In an update submitted to the Indian Bourses today, Reliance Industries Ltd said of its subsidiary company having acquired 37% stake in a US (Delaware) based analytics business tech start-up Netradyne paying US$ 8 million (~581 million rupees) subscribing 4 million shares. Reliance Industrial Investments and Holdings Limited (“RIIHL”), the wholly

Media Reports of, Major fire incident at RIL’s Hazira Complex, but no casualty

SURAT (HAZIRA) | RAJKOT – Major fire incident has been reported at Hazira unit of Reliance Industries Ltd on Tuesday night, several Surat based media reports cite the said fire incident which took place on Tuesday night at the site, following a huge blast with a sound at cracker unit installed in the facility, created

RIL subsidiary shells 92 crore rupees to buy stake in fashion & lifestyle brands

MUMBAI | RAJKOT – Reliance Industries Ltd’s subsidiary companies Reliance Brands Ltd and Reliance Retail Ventures Ltd  have now acquired a combined stake of 65.77% in Genesis Colors Ltd, the company (RIL) said in regulatory filing submitted to the Exchanges in India, on Monday. Reliance Retail Venture Ltd, subsidiary arm of Reliance Industries Ltd paid

RIL’s stake in Genesis Colors now at 46.39%

MUMBAI | RAJKOT – In a regulatory filing submitted to the exchanges late night on Tuesday, Reliance Industries Ltd said of having acquired additional 12.56% equity in Genesis Colors Ltd via its brands subsidiary Reliance Brands Ltd paying 527.7 million (~52.77 crore) rupees, further stake in Genesis at 46.39% from 33.83% as announced just 3

RIL’s stake buying exercise in Genesis Colors’ in full-swing

MUMBAI | RAJKOT – In a regulatory filing submitted to the exchanges by Reliance Industries Ltd, the company said of its  subsidiary brands arm Reliance Brands Ltd having acquired additional 22.18% stake in Genesis Colors Ltd for 931.6 million (~93.16 crore) rupees, further raising the stake from 11.65% to 33.83%. This is to inform that

Exactly after 11 days of earlier announcement, RIL hikes additional 2.36% equity in Genesis Colors

MUMBAI | RAJKOT – Reliance Industries Ltd’s subsidiary company Reliance Brands Ltd hiked stake in Genesis Colors Ltd buying additional 2.36% equity paying 90.9 million (~9.89 crore) rupees, the company said in regulatory filing submitted to the exchanges in India on Thursday and Friday. With additional stake hike in Genesis Colors Ltd Reliance Brands now

RIL subsidiary Reliance Brands pays 341.7 million rupees, to buy additional 8.14% stake in Genesis Colors

MUMBAI | RAJKOT – Reliance Industries Ltd, in a regulatory filing said of having brought additional 8.14% stake in readymade garments, bags, footwear and accessories manufacturing company paying 341.7 million rupees. Reliance Brands Limited, a subsidiary of the Company, has purchased an additional 8.14% equity stake in Genesis Colors Ltd (GCL) for about 341.7 million


MOTI KHAVDI | KANALUS | JAMNAGAR | JAM-KHAMBHALIA | AHMEDABAD | RAJKOT – In a severely hit rains across Gujarat in last 48 hours, especially on the coastal belt of Gujarat State on West Coast of India, the Shower Gods did not even spare the JAMNAGAR Asset of Reliance Industries Ltd. DATELINE GUJARAT presents images

Reliance Brands pays 95 million rupees to acquires 12.5% stake in luxury apparels biz

MUMBAI | RAJKOT – Reliance Brands Limited, a subsidiary of the Company, has purchased 12.5% equity stake in Future101 Design Private Limited (Future101) 95 million rupees (~9.5 crore), the acquisition of minority stake is in the nature of strategic investment, Reliance Industries Ltd today said in regulatory filing to the Exchanges in India. Future101, incorporated

FRESH PIX & VIDEOS | Fire at Ghadi Detergent’s Kuranga (DWARKA) plant controlled after 3hrs, no casualty, reason for fire yet unknown!

KARUNGA | DWARKA | RAJKOT – Major fire incident reported at Ghadi Detergent’s Kuranga plant located near Dwarka in Devbhoomi Dwarka Khambhalia District has been controlled, company officials told DATELINE GUJARAT. Local journalist from Surajkaradi Mithapur – Budhabha Bhati first reported the incident of fire at Ghadi Detergent’s plant to DATELINE GUJARAT. No casualties have

Reliance Industries to acquire US Telecom player – Radisys

MUMBAI | RAJKOT – US based Radisys Corporation, a global player  of open telecom solutions and India’s Reliance Industries Ltd, have entered into a definitive agreement under which Reliance will acquire Radisys for US$1.72 per share in cash, today company said in regulatory filing submitted to the Exchanges in India. Reliance Industries is expected to

Reliance JIO inks USD$ 1 billion term loan facility with Korean Financial major to pay Korean Vendors

MUMBAI | RAJKOT – Reliance Industries Ltd informed the Stock Exchanges in India regarding USD $ 1 billion (~68.13 billion INR ~ 6,813 crore 61 lakh 38 thousand 9 hundred 79 rupees and 40 paise priced at 1USD$ ~ 68.1361 INR) term loan facility inked by its subsidiary company Reliance Jio Infocomm Ltd which has

Reliance subsidiary buys 100% stake of a company selling products to pregnant mothers & children, paying 2 billion rupees

MUMBAI | RAJKOT – Mukesh Ambani led Reliance Brands Limited, a subsidiary of the Reliance Industries Ltd has purchased 100% stake in Rhea Retail Pvt. Ltd. | “Rhea” – brand selling pregnant mother products, for all cash consideration of 2 billion (~203 crore 46 lakh) Indian Rupees, the company’s regulatory filing to the exchanges in

Indo-Russian joint venture inked for South Asia’s First Halogenated Butyl Rubber Unit on West Coast of India investing 12 bn INR

GANDHINAGAR | JAMNAGAR | MUMBAI | AHMEDABAD | RAJKOT – Reliance Industries Limited (RIL) and Russian petrochemical company SIBUR signed MoU (Memorandum of Understanding) on January 11, 2016 – Wednesday, at the recently-concluded Vibrant Gujarat Summit at Gandhinagar to set up South Asia’s first butyl rubber halogenation unit at RIL’s (Reliance Industries Ltd’s) integrated petrochemical

Reliance Industries Q3 (Oct-Dec) consolidated net profit up by 3% YoY, Gross Refining Margin dents

MUMBAI | AHMEDABAD | RAJKOT – Consolidated net profit of Reliance Industries Ltd for quarter ended on December 31 shot up marginally by 3% year-on-year at 75.67 billion rupees from 73.26 billion rupees, mainly due to sharp rise in topline and other income. Net sales of the company for the period under review broadened 16%