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Reliance Industries Ltd — Capital/Financing Update 2021
Oct 2, 2021
58986_rns_2021-10-02_05cd072b-4190-47fd-a6ab-20be3ecd0308.pdf
Capital/Financing Update
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October 2, 2021
BSE Limited Phiroze Jeejeebhoy Towers, Dalal Street, Mumbai 400 001
National Stock Exchange of India Limited Exchange Plaza, Plot No. C/1, G Block, Bandra-Kurla Complex, Bandra (East), Mumbai 400 051
Scrip Code: 500325 / 890147 Trading Symbol: RELIANCE / RELIANCEP1
Sub: Disclosure under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 – Incorporation of wholly-owned subsidiary in UAE
It is hereby informed that the Company has invested Rs.7,42,87,000 (equivalent to USD 1,000,000) in cash in 1,000,000 equity shares of USD 1 each of “Reliance International Limited” (RINL), a newly incorporated wholly owned subsidiary in Abu Dhabi Global Market, United Arab Emirates.
RINL is incorporated to undertake activities relating to, amongst others, trading of crude oil, petroleum products, petrochemicals and agricultural commodities. RINL is yet to commence its business operations.
The investment in RINL does not fall within related party transaction and the promoter/ promoter group/ group companies do not have any interest in RINL. No governmental or regulatory approvals were required for the said investment.
Thanking you,
Yours faithfully, For Reliance Industries Limited
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Savithri Parekh Joint Company Secretary and Compliance Officer
Copy to: The Luxembourg Stock Exchange 35A boulevard Joseph II L-1840 Luxembourg
Singapore Stock Exchange
2 Shenton Way, #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