MoneyWorks4Me

Reliance Industries completes acquisition of RSYS

26 Dec 2018 Evaluate

Reliance Industries has completed acquisition of 100% stake of Radisys Corporation (RSYS). The acquisition is done through a special purpose vehicle (SPV) set up in US for cash consideration aggregating to approximately $75 million equity value, based on current outstanding and dilutive equity share impact.

Reliance Industries 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 1177.30
Indian Oil Corpn. 126.05
Bharat PetroleumCorp 286.70
HPCL 328.20
MRPL 174.00
View more..