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Reliance Group 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 Health. The group provides ...
The share prices [127] of RIL were impacted by some margin when this news broke out. In 2005, after a bitter public feud between the brothers over the control of the Reliance empire, mother Kokilaben intervened to broker a deal splitting the RIL group business into two parts. [128] In October 2005, the split of Reliance Group was formalised.
On 17 October 2018, Reliance Industries announced that it had acquired a 66% stake in DEN for ₹ 2,290 crore (US$270 million). The shares would be held through multiple Reliance subsidiaries including Jio Futuristic Digital Holdings Private Limited, Jio Digital Distribution Holdings Private Limited, Jio Television Distribution Holdings Private ...
In 2024, Jio Financial Services established a subsidiary called Jio Leasing Services Ltd, an unrelated leasing services business. [15] The subsidiary signed a $4.4 billion deal with another promoter-owned company, Reliance Retail for leasing routers. [16] Some commentators saw this deal as a way to prop up the revenue of Reliance Retail. [17]
Reliance Industries Hold 40.01% Stake While JM Financial (Acting As PAC with RIL) Through Its Subsidiary Holds 35% Stake In It. Reliance Industries also have 9% optionally convertible preference shares and Non Convertible redeemable preference shares worth 3300 crores. making it a subsidiary of Reliance. The paid-up Share Capital of the Company ...
It is a major shareholder in the other group company, Reliance Power and Reliance Naval and Engineering Limited. In Fortune India 500 list of 2019, Reliance Infrastructure was ranked as the 51st largest corporation in India with first rank in 'Infrastructure Development' category.
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]
Reliance Capital Limited is an Indian diversified financial services holding company promoted by Reliance Anil Dhirubhai Ambani Group. [3] [4] Reliance Capital, a constituent of Nifty Midcap 50 and MSCI Global Small Cap Index, is a part of the Reliance Group. It is amongst India's leading and most valuable financial services companies in the ...