Reliance Industries Ltd.

BSE: 500325 | NSE: RELIANCE
Large Cap | Refineries
1454.25
16.40 (1.14%)
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MOL to acquire strategic stake in six group companies of RIL

Date: 17-04-2019

Reliance Ethane Holding (REHPL) incorporated in Singapore, a wholly owned subsidiary of Reliance Industries (RIL), having 100% holding in six limited liability companies (LLCs) which own Very Large Ethane Carriers (VLEC or the Vessel), Mitsui OSK Lines (MOL) of Japan and a strategic minority investor have signed binding definitive agreements for a strategic investment by MOL and minority investor in the six special purpose limited liability companies (SPVs), each owning a VLEC.

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.