Reliance Industries (RIL) has acquired 5% stake in Eros International plc, entertainment firm, following customary approval processes. The company has acquired 3,111,088 newly issued ‘A ordinary shares’ from Eros which represents 5% of Eros's current issued and outstanding ordinary share capital on a pro forma basis.
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.
