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RIL enters into agreement with Saavn Media

24 Mar 2018 Evaluate

Reliance Industries (RIL) has entered into agreement with Saavn Media with subscription of 69,787 equity shares for cash aggregating of Rs 8,058,450,000 resulting in 41.1% equity stake.

RIL has also entered into an agreement to transfer the music streaming business of RIL’s JioMusic, to Saavn India. With this RIL has an effective equity stake of 81.7% in Saavn India.

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.

Reliance Industries Share Price

1362.60 -2.50 (-0.18%)
20-Apr-2026 16:59 View Price Chart
Peers
Company Name CMP
Reliance Industries 1362.60
Indian Oil Corp. 147.00
BPCL 316.00
HPCL 379.20
MRPL 180.00
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