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RIL sells 4.01% of RPL's equity for Rs.4,023 crore to maximize overall shareholder value

indiaprwire.com » 2008 » July » 2nd » RIL sells 4.01% of RPL's equity for Rs.4,023 crore to maximize overall shareholder value

Tagged: oil energy

/India PRwire/ - Reliance Industries Limited (RIL) has sold 18.04 crore equity shares, representing 4.01% of the equity share capital of Reliance Petroleum Limited (RPL) out of its’ holding of 75%. The aggregate sale consideration is Rs4,023 crore. After this sale, the shareholding of RIL in RPL is 70.99%. RPL made an offering in May 2006 for 20% of its’ equity represented by 90 crore shares … Continue Reading »

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