RIL allots 12 crore equity shares to various promoter companies

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Mumbai, Oct 3 (UNI) India's largest private sector company on all major financial parameters, Reliance Industries Limited (RIL) today alloted 12 crore equity shares of Rs 10 each to the various promoter group companies.

These shares were alloted upon exercise of the rights attached to warrants issued to promoter group companies on April 12, 2007, the company, which has a turnover of Rs 1,39,269 crore, informed the Bombay Stock Exchange and the National Stock Exchange.

These shares will be subject to lock in for a period of three years from the date of allotment of the warrants.

Consequent to the above allotment, the paid up equity capital of the company has increased to Rs 1,573.79 crore comprising 157,37,87,556 equity shares of Rs 10 each fully paid up.

Reliance Industries Limited (RIL) had posted cash profit of Rs 25,205 crore, net profit (excluding exceptional income) of Rs 15,261 crore and net worth of Rs. 81,449 crore as of March 31, 2008.

RIL is the first private sector company from India to feature in the Fortune Global 500 list of 'World's Largest Corporations' and ranks 103rd amongst the world's Top 200 companies in terms of profits.

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