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Reliance Industries’ arm completes 100% stake acquisition of Reliance Infratel

23 Dec 2022 Evaluate

Reliance Industries’ (RIL) wholly owned subsidiary -- Reliance Projects & Property Management Services (RPPMSL) has completed 100 per cent stake acquisition in Reliance Infratel (RITL) for about Rs 3,725 crore. RITL allotted to RPPMSL 50 lakh equity shares of Rs 10 each for cash aggregating to Rs 5 crore; and 372 crore zero coupon optionally fully convertible debentures of Rs 10 each, for cash aggregating to Rs 3,720 crore.

RITL is one of the major private telecom infrastructure providers in the country and the acquisition is synergetic with the telecommunications operations of Reliance Jio Infocomm, subsidiary of the Company. Approvals of NCLT and Competition Commission of India having been received, no further governmental / regulatory approvals are required. The acquisition does not fall within related party transactions and none of RIL’s promoter/promoter group/group companies have any interest in the transaction.

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.

Reliance Industries Share Price

1430.85 4.70 (0.33%)
30-Apr-2026 16:59 View Price Chart
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Company Name CMP
Reliance Industries 1430.85
Indian Oil Corp. 142.20
BPCL 300.45
HPCL 374.60
MRPL 167.65
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