Reliance Industries Ltd.

Foreign Institutional Investors (FIIs) have hiked their stake in Reliance Industries (RIL) to a seven-year high of about 20%, even as holding of small individual investors has slipped below 10%. FIIs increased their stake in the company to 19.91% in the latest quarter ended last month, from 18.61% at the end of previous quarter.

This is the highest level of FIIs’ holding in RIL since September 2007, when their stake stood at 20.64%. The all-time high FII stake in RIL was witnessed in December 2004, when overseas investors held close to 23% shareholding in the company.

Reliance Industries, is a Fortune Global 500 company and is the largest private sector company in India. Its activities span exploration and production of oil and gas, petroleum refining and marketing, petrochemicals (polyester, fibre intermediates, plastics and chemicals), textiles, retail, infotel and special economic zones.