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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.
Mukesh Dhirubhai Ambani (born 19 April 1957) is an Indian billionaire and businessman who is the chairman and managing director of Reliance Industries. [4] He is the richest person in Asia and 9th richest in the world.
Dhirajlal Hirachand "Dhirubhai" Ambani (28 December 1932 – 6 July 2002) was an Indian billionaire businessman who founded Reliance Industries in 1958. Ambani took Reliance public in 1977. [1] [2] In 2016, he was honoured posthumously with the Padma Vibhushan, India's second-highest civilian honour for his contributions to trade and industry.
On Wednesday, Disney revealed it will merge its Star India business with Reliance Industries in a joint venture (JV) estimated to be worth $8.5 billion. Reliance will invest roughly $1.4 billion ...
By 2002, Reliance had grown into a U$15 billion conglomerate. After the death of Dhirubhai Ambani on 6 July 2002, Reliance was headed by his two sons. The Reliance ADA Group was formed in 2006 after the two brothers Mukesh Ambani and Anil Ambani, split Reliance Industries in December 2005. [3] [4] Anil Ambani got the responsibility of Reliance ...
Reliance Retail is an Indian retail company and a subsidiary of Reliance Industries. Founded in 2006, it is the largest retailer in India in terms of revenue. [ 5 ] Its retail outlets offer foods, groceries, apparel, footwear, toys, home improvement products, electronic goods, and farm implements and inputs.
It is a subsidiary of Reliance Industries. Established in 2019, it acts as a holding company for India's largest mobile network operator , Jio , and other digital businesses of Reliance. [ 3 ] Since April 2020, Reliance Industries has raised ₹ 152,056 crore (US$18 billion) by selling a 32.97% equity stake in the company. [ 4 ]
If the merger was successful, Sony would be 74% shareholder in the merged company. [9] However, in October 2020, Reliance Industries, [10] the majority share holder in Viacom18, called off the merger. [11] [12] In June 2021, [13] reports stated Viacom18 and Zee Entertainment Enterprises were reportedly in talks about a merger. [14]