Reliance Industries (RIL) has invested Rs 1 lakh to acquire 10,000 equity shares of Rs 10 each at par of the wholly-owned subsidiary (WOS) namely ‘Jio Platforms’ (JPL). JPL was incorporated on November 15, 2019 and is yet to commence its business operations.
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.