Mukesh Ambani gp Cos raise stake in RIL to 46.28 pc

Mumbai, Apr 1: Mukesh Ambani-controlled Reliance group has acquired 2.17 per cent stake in the flagship Reliance Industries Ltd, increasing their holding to 46.28 percent.

RIL has informed the National Stock Exchange that the group companies, along with the persons acting in concert, have acquired 2.88 crore equity shares, aggregating to 2.07 per cent of the total paid-up capital of RIL from March 14 to 23.

The mode of acquisition is interse transfer among the group under SEBI regulations by way of block deals on BSE and NSE, aggregating to 2,82,75,000 equity shares and 6,03,400 equity shares through open market acquisition.

The shareholding of the promoter group companies after the acquisition is 64,48,50,380 shares, aggregating to 46.28 per cent of the total paid-up capital of RIL.

The shares acquired include 6.03 lakh equity shares under creeping acquisition, 63 lakh shares sold by Reliance Chemicals Pvt Ltd and creeping acquisition include 25,000 shares sold by Reliance Chemicals Pvt Ltd under open market.

UNI