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RIL acquires stake in Uruguay based Dreketi

08 Dec 2017 Evaluate

Reliance Industries (RIL) has acquired stake in a newly incorporated entity Dreketi S.A. in Uruguay (Dreketi). Consequentially, Dreketi has become wholly-owned subsidiary of the company. Currently, Dreketi is not engaged in any business activity. This is a part of company’s plan to strengthen its marketing efforts in Latin American region.

Reliance Industries (RIL) is India’s largest private sector company. The company’s activities span hydrocarbon exploration and production, petroleum refining and marketing, petrochemicals, retail and 4G digital services.


Peers
Company Name CMP
Reliance Industries 1206.65
Indian Oil Corpn. 130.50
Bharat PetroleumCorp 297.00
HPCL 343.05
MRPL 182.85
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