Reliance Industries Limited ( (IN:RELIANCE) ) has issued an update.
Reliance Industries Limited has completed the acquisition of a 74% equity stake in Nauyaan Shipyard Private Limited through its step-down subsidiary, Nauyaan Tradings Private Limited, for Rs. 382.73 crore. This acquisition strengthens Reliance’s position in the shipyard industry, making Nauyaan Shipyard a step-down subsidiary and potentially expanding its operational capabilities and market influence.
More about Reliance Industries Limited
Reliance Industries Limited is a major player in the conglomerate industry, primarily involved in energy, petrochemicals, textiles, natural resources, retail, and telecommunications. The company has a significant market presence in India and is known for its diverse range of products and services.
YTD Price Performance: 2.13%
Average Trading Volume: 569,633
Current Market Cap: 16763.9B INR
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