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In 1985, the name of the company was changed from Reliance Textiles Industries Ltd. to Reliance Industries Ltd. [17] During 1985 to 1992, the company expanded its installed capacity for producing polyester yarn by over 145,000 tonnes per annum. [17] The Hazira petrochemical plant was commissioned in 1991–92. [21]
In July 2023, it was spun-off via a demerger, [3] with shareholders of Reliance Industries receiving one equity share of Jio Financial Services for every share they held in Reliance. [6] Reliance Industries transferred Rs 15,500 crore of cash and liquid investments to Jio Financial Services as part of the demerger scheme. This gave Jio ...
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 ...
In 1988, Reliance Industries came up against a rights issue regarding partly convertible debentures. [18] It was rumoured that the company was making all efforts to ensure that their stock prices did not slide an inch. Sensing an opportunity, The Bear Cartel, a group of stock brokers from Calcutta, started to short sell the shares of Reliance.
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 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.
For manipulating shares of Reliance Petroleum Limited (RPL), Reliance Industries was fined Rs. 950 crores (9.5 billion), split into 447 crores (4.47 billion) in retracted gains and 500 crores (5 billion) in interest in 2007. [53] In April 2006, RPL went public as a Reliance subsidiary for Rs. 60 per share.
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.