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Reliance Industries Ltd — M&A Activity 2019
Mar 7, 2019
58986_rns_2019-03-07_1cfcf831-5599-417a-ab00-5315e5f18026.pdf
M&A Activity
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March 7, 2019
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”
Trading Symbol: “ RELIANCE ”
Dear Sirs,
Sub: Disclosure under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
We enclose herewith a release namely , RIL enters into MOU with NMSEZ - First Integrated Industrial Area to implement fourth industrial revolution .
This is for your information and dissemination on the exchange website.
Thanking you,
Yours faithfully,
For Reliance Industries Limited
Sandeep Deshmukh Vice President - Corporate Secretarial
Copy to: The Luxembourg Stock Exchange Societe de la Bourse de Luxembourg 35A boulevard Joseph II B P 165, L-2011 Luxembourg
Singapore Stock Exchange 2 Shenton Way, #19- 00 SGX Centre 1, Singapore 068804
Taipei Stock Exchange 15F, No.100, Sec. 2, Roosevelt Road, Taipei, Taiwan, 10084
Regd. Office: Maker Chambers IV, 3ro Floor, 222, Nariman Point, Post Box: 11717, Mumbai- 400 021. India. Phones: +91-22-2278 5000, Telefax: +91-22-2204 2268, 2285 2214. Website: www.ril.com CIN- L17110MH1973PLCo19786
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RIL enters into MOU with NMSEZ
First Integrated Industrial Area to implement fourth industrial revolution
RIL through a wholly owned subsidiary has entered into an MOU with NMSEZ to sub-lease land of about 4000 acres alongwith the associated development rights by making an initial payment of Rs.2180 crores subject to fulfilment of certain conditions.
NMSEZ, as part of a tender process was allotted this land in 2006 to develop a world class SEZ.
NMSEZ is owned 26% by CIDCO and 74% by other investors. The promoter group of RIL has indirect interest in NMSEZ.
The Government of Maharashtra, in terms of Maharashtra Industrial Policy 2013 permitted the SEZs in the state to migrate to Integrated Industrial Area and make available the land for industrial units.
RIL entered into a Memorandum of Understanding with the government of Maharashtra to develop a Global Economic Hub consisting of world class integrated digital and services industrial area with global partnerships.
NMSEZ applied and received the consent to convert the SEZ into the Integrated Industrial Area (IIA) as per the GOM Industrial Policy.
This will be India’s first ever Integrated Industrial Area for the Fourth Industrial Revolution in Maharashtra.
Regd. Office: Maker Chambers IV, 3ro Floor, 222, Nariman Point, Post Box: 11717, Mumbai- 400 021. India. Phones: +91-22-2278 5000, Telefax: +91-22-2204 2268, 2285 2214. Website: www.ril.com CIN- L17110MH1973PLCo19786