Reliance Industries Ltd.

Reliance Industries’ (RIL) wholly-owned subsidiary -- Reliance Industrial Investments and Holdings (RIIHL) has entered into agreement for acquisition of equity shares of Surajya Services (Easygov) for a cash consideration not exceeding Rs 18 crore.

RIIHL will further invest an amount not exceeding Rs 50 crore. The said investment upon completion will translate into 76% equity stake in Easygov on a fully diluted basis. The total investment is likely to be completed by March 2021.

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.