Reliance Industries Ltd.

Reliance Industries has acquired additional 65,956 equity shares, representing 10.9% of the equity share capital, of Saavn Media (Saavn India) from the existing shareholders for a total consideration of Rs 653.93 crore on February 3, 2020. After acquisition, the company will hold 94.4% of the equity share capital of Saavn India.

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.