The Board of Directors of RIL, at its meeting held on August 28, 2023, on the recommendation of the Human Resources, Nomination and Remuneration Committee, considered and recommended to the shareholders for approval of appointment of Isha Ambani, Akash Ambani and Anant Ambani as Non-Executive Directors of the Company. Their appointment will take effect from…
Further to the disclosure regarding acquisition of equity shares of IMG Reliance Limited (IMG-R) from IMG Singapore Pte. Ltd, please note that the Company has, on December 28, 2020, completed the acquisition of equity shares of IMGR. Accordingly, IMG-R has become a wholly-owned subsidiary of the Company. Consequent to the aforesaid acquisition, the holding of…
Reliance Industries Ltd (RIL) has agreed to buy out IMG Worldwide LLC from their sports management joint venture for ₹52.08 crore. As per a stock exchange filing, RIL said it will buy IMG Worldwide’s 50 per cent stake in IMG-Reliance Ltd (IMG-R) for no more than ₹52.08 crore in cash. RIL will rebrand the company…
Reliance Industries Ltd (RIL) announced that it has upped its stake in the US-based SkyTran Inc., a venture-funded technology company that is developing pod car transport systems. RIL said in a stock-exchange filing that it has increased its holding in SkyTran to 26.31% from the previous 17.37% on a fully diluted basis. The increase in…
Reliance Industrial Investments and Holdings Limited (RIIHL), a wholly-owned subsidiary of Reliance Industries Limited (RIL), has entered into binding agreements with Brookfield Infrastructure Partners L.P. (Brookfield Infrastructure), and its institutional partners, for an investment of Rs. 25,215 crore in the units to be issued by the Tower Infrastructure Trust (Trust) in accordance with the Securities…