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Reliance Industries informs about company updates

26 Dec 2018 Evaluate

Further to the previous communication dated June 29, 2018 regarding acquisition of Radisys Corporation (RSYS) (NASDAQ: RSYS), Reliance Industries has informed that the Company has completed acquisition of 100% stake of RSYS 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.

The above information is a part of company’s filings submitted to BSE.

Peers
Company Name CMP
Reliance Industries 1168.75
Indian Oil Corpn. 130.15
Bharat PetroleumCorp 288.55
HPCL 341.95
MRPL 173.40
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