Tag Archives: Reliance Industries

RIL incorporates subsidiary company in Estonia (Northern Europe)

MUMBAI | RAJKOT – In a regulatory filing submitted to the exchanges in India on Friday, Reliance Industries Ltd said of having incorporated company in Estonia (Northern Europe) to engage in software development and consultancy biz. Reliance Industrial Investments and Holdings Limited (RIIHL), a wholly owned subsidiary of the Company, has incorporated a company viz.,

RIL acquires stake in DEN Networks, Hathway Cable for JioGigaFibre rollout

MUMBAI | RAJKOT – In a press release submitted to the Exchanges in India on Wednesday, after having released the outcome of board meetings and quarterly earnings data for quarter ended on September 30, Reliance Industries Ltd said of having acquired stake in Den Networks Ltd and Hathway Cable and Datacom Ltd. Reliance Industries Ltd

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

BREAKING NEWS | IN IMAGES & VIDEOS | Unprecedented rains water-log RELIANCE JAMNAGAR REFINERY

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

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