Tag Archives: RIL

RIL picks 13% stake in US (Delaware) based tech firm SkyTran

MUMBAI | RAJKOT – In a regulatory filing submitted to the exchanges in India on Wednesday, Reliance Industries Ltd said of its subsidiary company having picked 13% stake in US (Delaware) based personal transportation technology firm SkyTran Inc., paying USD($) 25 million. RIL’s investments aims to foster an exclusive partnership with SkyTran in India. Reliance

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

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