RIL promoter entities to rejig shareholding

Promoter group entities of Reliance Industries (RIL) have decided to restructure their shareholding in the company through an inter-se transfer of shares.

As part of the restructuring, promoter group entities have decided to acquire 118.99 crore shares of RIL through inter-se transfer.

“We being entities forming part of the promoter group of RIL intend to acquire from other promoter group entities by way of inter-se transfer aggregating up to 118,99,88,400 equity shares of RIL. The proposed transfers are only amongst the existing promoter group entities,” Devarshi Commercials said in a note to NSE.

Promoters of RIL, on its part, clarified that the transfer will not result in any change in their shareholding in RIL.