Reliance Industries : Disclosure under Regulation 30 of the SEBI Listing Regulations- Further investment in Alok Industries Limited
January 02, 2024 at 11:57 am
Share
January 02, 2024
BSE Limited
National Stock Exchange of India Limited
Phiroze Jeejeebhoy Towers,
Exchange Plaza, Plot No. C/1, G Block,
Dalal Street,
Bandra-Kurla Complex,
Mumbai 400 001
Bandra (East), Mumbai 400 051
Scrip Code: 500325
Trading Symbol: RELIANCE
Dear Sirs,
Sub: Disclosure under Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 - Further investment in Alok Industries Limited
This is further to the disclosures dated March 13, 2019, February 28, 2020 and September 10, 2020.
The Company is a promoter and holds 40.01% of equity share capital of Alok Industries Limited (AIL).
Please note that the Company has today, at around 11:00 a.m. (IST), subscribed to 3300,00,00,000 9% non-convertible redeemable preference shares of Re.1/- each of AIL, for cash at par, aggregating Rs. 3,300 crore.
The acquisition of these preference shares is a related party transaction approved by shareholders of the Company and is on arm's length basis. The Promoter, Promoter Group and group companies are not interested in the above transaction.
No governmental or regulatory approvals were required for the above transaction.
Kindly take the aforesaid on record.
Thanking you,
Yours faithfully,
For Reliance Industries Limited
SAVITHRI PAREKH
Digitally signed by SAVITHRI PAREKH
Date: 2024.01.02 13:15:17 +05'30'
Savithri Parekh
Company Secretary and Compliance Officer
Copy to:
Luxembourg Stock Exchange
Singapore Exchange Limited
35A boulevard Joseph II
2 Shenton Way, #02-02 SGX Centre 1
L-1840 Luxembourg
Singapore 068804
Regd. Office: 3rd Floor, Maker Chambers IV, 222, Nariman Point, Mumbai- 400 021, India
Reliance Industries Ltd. published this content on 02 January 2024 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 02 January 2024 11:56:42 UTC.
Reliance Industries Ltd is a diversified group organized around 6 areas of activity:
- refining of petroleum products (58.4% of net sales): liquefied petroleum gas, propylene, naphtha, gasoline, kerosene, etc. At the end of March 2021, the group operated a refinery in India. The group also produces petrochemicals (polyethylene, polypropylene, polyvinyl chloride, polyester, purified terephthalic acid, paraxylene, ethylene, olefins, benzene, butadiene, acrylonitrile and caustic soda);
- distribution of consumer products (28.3%): distribution of food products, clothing and accessories, consumer electronics, etc. through a network of 12,711 stores in India;
- digital services (5.1%);
- exploration and production of crude oil and natural gas (0.3%);
- financial services (0.2%);
- other (7.7%): telecommunications and media services, textile manufacturing, etc.
India accounts for 61.5% of net sales.
RELIANCE INDUSTRIES LTD 
