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Reliance Industries agrees to buy out IMG Worldwide from sports management JV

28 Dec 2020 Evaluate

Reliance Industries (RIL) has agreed to buy out IMG Worldwide LLC from their sports management joint venture (JV) for Rs 52.08 crore. It will buy IMG Worldwide's 50 per cent stake in IMG-Reliance (IMG-R) for no more than Rs 52.08 crore in cash.

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 1206.65
Indian Oil Corpn. 130.50
Bharat PetroleumCorp 297.00
HPCL 343.05
MRPL 182.85
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