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Reliance Industries completes acquisition of equity shares in IMG Reliance

30 Dec 2020 Evaluate

Reliance Industries (RIL) has completed the acquisition of equity shares of IMG Reliance (IMG-R) from IMG Singapore. Accordingly, IMG-R has become a wholly-owned subsidiary of the company. Consequent to the aforesaid acquisition, the holding of the company along with IMG-R in Football Sports Development (FSDL) is 65% and FSDL has become a subsidiary of the company.

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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