MoneyWorks4Me

Reliance Industries’ promoter sells 2.04 crore shares for Rs 1,689 crore

29 May 2013 Evaluate

Reliance Industries’ (RIL) promoter group company -- Pavana Enterprises LLP -- has offloaded over 2 crore shares in the company for about Rs 1,689 crore to another promoter entity. Pavana Enterprises sold 2.04 crore shares of Reliance Industries to Farm Enterprises through an open market transactions.

As on March 31, 2013, Pavana Enterprises held 6.16 crore shares or 1.91% stake in RIL, while Farm Enterprises owned 9.20 crore scrips or 2.85% stake in the company.

Peers
Company Name CMP
Reliance Industries 1186.10
Indian Oil Corpn. 130.70
Bharat PetroleumCorp 296.50
HPCL 343.10
MRPL 172.60
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