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.
| Company Name | CMP |
|---|---|
| Reliance Industries | 1307.10 |
| Indian Oil Corp. | 144.45 |
| BPCL | 310.40 |
| HPCL | 401.80 |
| MRPL | 168.95 |
| View more.. | |
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.
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.
MoneyWorks4Me ensures this through: