Reliance Industries Limited update on completion of acquisition of shares of IMG Reliance Limited

Reliance Industries Limited had earlier announced regarding acquisition of equity shares of IMG Reliance Limited (IMG-R) from IMG Singapore Pte. Ltd. The Company has, on December 28, 2020, completed the acquisition of equity shares of IMGR. Accordingly, IMG-R has become a wholly-owned subsidiary of the Company.

Consequent to the aforesaid acquisition, the holding of the Company along with IMG-R in Football Sports Development Limited (FSDL) is 65% and FSDL has become a subsidiary of the Company.

Shares of RELIANCE INDUSTRIES LTD. was last trading in BSE at Rs.1989.2 as compared to the previous close of Rs. 2003.25. The total number of shares traded during the day was 250017 in over 12277 trades.

The stock hit an intraday high of Rs. 2012.8 and intraday low of 1982.6. The net turnover during the day was Rs. 498078640.

Source : Equity Bulls

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