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In November 2009, Reliance Industries issued 1:1 bonus shares to its shareholders. [citation needed] In 2010, Reliance entered the broadband services market with acquisition of Infotel Broadband Services Limited, which was the only successful bidder for pan-India fourth-generation (4G) spectrum auction held by the government of India.
Reliance Group (stylized as ReLIΛNCe) is an Indian conglomerate, headquartered in Mumbai, India. The company, which was formed after Dhirubhai Ambani's business was divided up, is headed by his younger son Anil Ambani. [1] Reliance Group has five listed companies, Reliance Power, Reliance Infrastructure, Reliance Home Finance, and Reliance ...
It is a wholly-owned subsidiary of Reliance New Solar Energy Limited. The previous parent company of REC was ChemChina, one of the largest chemical companies and state-owned by the People's Republic of China, which held its stake in Elkem since 2015 through the China National Bluestar Group. [4] The purchase price was 490 million euros. [5]
Reliance Natural Resources Limited is an Indian energy company involved in sourcing, supply and transportation of gas, coal and liquid fuels. The company was incorporated on 24 March 2000 and went public on 25 July 2005. [1] It is a part of the Reliance Anil Dhirubhai Ambani Group. Reliance Natural Resources has merged with Reliance Power. [2]
Reliance Communications would assume responsibility for instalments that MTS owed the government for spectrum purchases, amounting to ₹ 3.92 billion (equivalent to ₹ 5.6 billion or US$65 million in 2023) every year for 10 years. As a result of the deal, Reliance acquired MTS India's subscribers and SSTL's spectrum in the 850 MHz band. [15]
After the death of Dhirubhai Ambani, the group was split into Reliance Industries Limited headed by Mukesh, and Reliance Anil Dhirubhai Ambani Group headed by Anil. So finally Mukesh Ambani was elected as the CEO and Anil Ambani was elected as the chairperson. As of 2017, the company had more than 250,000 employees.
Reliance Defence Limited (RDL), established on 28 March 2015 as a subsidiary of Reliance Infrastructure has 11 subsidiaries in niche segments of the defence sector. RDL has organized the structure into defence, marine, and land systems with a focused approach towards aiming capabilities and developing in-house expertise in Land-based weapon ...
Reliance Capital obtained its registration as a non-banking finance company (NBFC) in December 1998. It has since diversified its activities in the areas of asset management, life and general insurance, commercial finance, stock broking, private equity and proprietary investments, asset reconstruction, distribution of financial products and other activities in financial services.