SEBI Reg. Investment Advisor

Download App

MoneyWorks4Me

Reliance Industries informs about updates on acquisition

05 Feb 2020 Evaluate

Reliance Industries has informed that it has acquired additional 65,956 equity shares, representing 10.9% of the equity share capital of Saavn India from the existing shareholders for a total consideration of Rs 653.93 crore on February 3, 2020. After acquisition, RIL will hold 94.4% of the equity share capital of Saavn India. No regulatory approvals were required for the said acquisition of shares. The investment does not fall within related party transaction and none of the Company's promoter/ promoter group/ group companies have interest in Saavn India.

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


Reliance Industries Share Price

1307.10 14.35 (1.11%)
15-Jun-2026 16:59 View Price Chart
Peers
Company Name CMP
Reliance Industries 1307.10
Indian Oil Corp. 144.45
BPCL 310.40
HPCL 401.80
MRPL 168.95
View more..

About MoneyWorks4Me

MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.

Our Vision

To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.

What Makes MoneyWorks4Me Different

Our Approach: Ensuring compounding work its magic on client portfolio.

MoneyWorks4Me ensures this through: