Reliance Industries Ltd.

Reliance Industries' (RIL) promoter group firm - Pavana Enterprises LLP, has offloaded 56 lakh shares of the energy giant through open market transaction for nearly Rs 440 crore to another promoter entity. The shares were purchased by Nagothane Agrofarms, a subsidiary of Farm Enterprises, for an average price of Rs 785.05 valuing the transaction to Rs 439.62 crore.

Pavana Enterprises, in May, had sold 2.04 crore shares of RIL for an estimated Rs 1,689 crore to another promoter entity, Farm Enterprises. In the March quarter, Pavana Enterprises held 6.16 crore shares or 1.91% stake in RIL, while Farm Enterprises owned 9.20 crore scrips, amounting to 2.85% stake in the company.