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In 1995/96, the company entered the telecommunications industry through a joint venture with NYNEX, USA, and promoted Reliance Telecom Private Limited in India. [21] In 1998, Reliance took over Indian Petrochemicals Corporation Limited during privatization of public sector enterprises. In 1998/99, RIL introduced packaged LPG in 15 kg cylinders ...
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 ...
In 2022, Reliance Retail acquired a 89% stake in the company for $125 million. [57] 11 Metro Cash & Carry India: In December 2022, Reliance Retail acquired Metro Cash & Carry India for ₹ 2,850 crore (US$362.57 million). After the acquisition, Reliance Retail gained control of 31 Metro India stores which had over 3 million B2B customers. [41 ...
Jio Financial Services Ltd (JFSL) is an Indian financial services company, based in Mumbai.Originally a subsidiary of Reliance Industries (RIL), it was demerged as an independent entity and listed on the Indian stock exchanges in August 2023. [3]
Reliance Securities Limited is a broking arm of Reliance Capital. [1] It is one of India ’s largest retail broking houses with over 1 million customers and a pan- India presence at more than 1,700 locations. [ 2 ]
Reliance Capital in July 2014 announced the merger of its global film and media services business with Prime Focus to create an entity with a combined turnover of over Rs 1,800 crore. [39] In July 2017, it sold its 1% share in Paytm to China's Alibaba Group for Rs 275 crore, making a profit of 2,600%. [40]
In June 2002, the Government of India as a part of its disinvestment programme divested 26% of its equity shares in favour of Reliance Petroinvestments Limited (RPIL), a Reliance Group Company. RPIL acquired an additional 20% equity shares through a cash offer in terms of SEBI (Takeover Regulations) and held 46% of Company's equity shares.
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]