|
|
|
No rise in Ambani's stake, subsidiaries' shares merged with RSHL: RIL
|
|
|
|
Top Stories |
|
|
|
|
SME Times News Bureau | 19 Sep, 2019
Denying reports of rise in Mukesh Ambani's stake in Reliance Industries
(RIL), a company spokesperson has said that under the ongoing
restructuring of RIL's subsidiaries, five subsidiaries holding 17.19
crore shares have merged with Reliance Services and Holdings Limited
(RSHL), a company controlled by Petroleum Trust.
Petroleum Trust
is a promoter group entity since its inception in 2002. The sole
beneficiary of Petroleum Trust is Reliance Industrial Investments and
Holdings Limited (RIIHL), a 100 per cent subsidiary of RIL and hence the
ultimate beneficiaries of these shares are the shareholders of RIL.
"There
has been no transaction of purchase of shares. 41.28 crore treasury
shares of RIL were held as follows by (a) by Petroleum Trust 24.09 crore
shares; and (b) by subsidiaries of RIL 17.19 crore shares. As a part of
ongoing internal restructuring of RIL subsidiaries, 5 subsidiaries
holding 17.19 crore shares have merged with Reliance Services and
Holdings Limited (RSHL), a company controlled by Petroleum Trust," the
RIL spokesperson said.
The spokesperson added that since the
17.19 crore shares have come under the control of Petroleum Trust,
requisite disclosure under the Takeover Regulations have been made by
RSHL.
"Thus this disclosure is only a re-categorisation of the
existing treasury shares. No new shares have been acquired and Mukesh
Ambani's stake in RIL has not gone up."
The clarification comes
as reports suggested that Mukesh Ambani increased his stake in RIL after
Reliance Services and Holdings, an Ambani firm, acquired 17.18 crore
equity shares, or 2.71 per cent stake on September 13.
|
|
|
|
|
|
|
|
|
|
|
|
|
Customs Exchange Rates |
Currency |
Import |
Export |
US Dollar
|
66.20
|
64.50 |
UK Pound
|
87.50
|
84.65 |
Euro
|
78.25
|
75.65 |
Japanese
Yen |
58.85 |
56.85 |
As on 13 Aug, 2022 |
|
|
Daily Poll |
|
|
PM Modi's recent US visit to redefine India-US bilateral relations |
|
|
|
|
|
Commented Stories |
|
|
|
|
|
|
|
|