RIL promoter entities to rejig shareholding

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.

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