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Reliance Industries Ltd — Capital/Financing Update 2021
Nov 8, 2021
58986_rns_2021-11-08_01269121-0eaa-44d6-b7f5-42a062fb636e.pdf
Capital/Financing Update
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November 8, 2021
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 / 890147 Trading Symbol: RELIANCE / RELIANCEP1
Dear Sirs,
Sub: Media Release
We attach a media release by the Company titled “ RELIANCE EAGLEFORD UPSTREAM HOLDING LP SIGNS AGREEMENT FOR THE SALE OF ITS ASSETS IN THE EAGLEFORD SHALE PLAY IN TEXAS USA ” for your information and dissemination on your website.
Thanking you,
Yours faithfully,
For Reliance Industries Limited
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Savithri Parekh Company Secretary and Compliance Officer
Encl.: as above
Copy to: The Luxembourg Stock Exchange Singapore Stock Exchange 35A boulevard Joseph II 2 Shenton Way, L-1840 Luxembourg #19- 00 SGX Centre 1, Singapore 068804
Regd. Office: 3[rd] Floor, Maker Chambers IV, 222, Nariman Point, Mumbai- 400 021, India Phone #: +91-22-3555 5000, Telefax: +91-22-2204 2268. E-mail: [email protected], Website: www.ril.com CIN- L17110MH1973PLC019786
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RELIANCE EAGLEFORD UPSTREAM HOLDING LP SIGNS AGREEMENT FOR THE SALE OF ITS ASSETS IN THE EAGLEFORD SHALE PLAY IN TEXAS USA
MUMBAI, November 08, 2021: Reliance Eagleford Upstream Holding, LP (“REUHLP”) a wholly owned step-down subsidiary of Reliance Industries Limited (“RIL”), announced the signing of agreements with Ensign Operating III, LLC (“Ensign”), a Delaware limited liability company to divest its interest in certain upstream assets in the Eagleford shale play of Texas, USA. With this transaction, Reliance has divested all its shale gas assets and has exited from the shale gas business in North America.
A Purchase and Sale Agreement (“PSA”) has been signed between REUHLP and Ensign on November 5, 2021 for this sale. The sale is at a consideration higher than current carrying value of the assets.
Citigroup Global Markets, Inc. acted as financial advisor to Reliance and Gibson, Dunn & Crutcher LLP served as its legal counsel.
About Reliance Industries Limited
Reliance is India’s largest private sector company, with a consolidated turnover of INR 539,238 crore ($73.8 billion), cash profit of INR 79,828 crore ($10.9 billion), and net profit of INR 53,739 crore ($7.4 billion) for the year ended March 31, 2021. Reliance’s activities span hydrocarbon exploration and production, petroleum refining and marketing, petrochemicals, retail, and digital services.
Reliance is the top-most ranked company from India to feature in Fortune’s Global 500 list of “World’s Largest Companies”. The company stands 55th in the Forbes Global 2000 rankings of “World’s Largest Public Companies” for 2021 – top-most among Indian companies. It features among LinkedIn’s ‘The Best Companies to Work For In India’ (2021).
Registered Office: Corporate Communications Telephone : (+91 22) 2278 5000 Maker Chambers IV Maker Chambers IV Telefax : (+91 22) 2278 5185 3rd Floor, 222, Nariman Point 9[th] Floor, Nariman Point Internet : www.ril.com Mumbai 400 021, India Mumbai 400 021, India
CIN: L17110MH1973PLC019786
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Key Contact:
Tushar Pania Reliance Industries Ltd. + 91 9820088536
Registered Office: Maker Chambers IV 3rd Floor, 222, Nariman Point Mumbai 400 021, India CIN: L17110MH1973PLC019786
Corporate Communications Maker Chambers IV 9[th] Floor, Nariman Point Mumbai 400 021, India
Telephone : (+91 22) 2278 5000 Telefax : (+91 22) 2278 5185 Internet : www.ril.com
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