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Reliance Industries Limited ( (IN:RELIANCE) ) has shared an update.
Reliance Industries Limited has announced the voluntary liquidation of its step-down wholly owned subsidiary, REC Systems (Thailand) Co., Ltd., effective October 29, 2025. This decision is in accordance with the Thai Civil and Commercial Code, and as a result, the subsidiary will no longer contribute to the company’s consolidated financials. The impact on Reliance’s overall financial performance is minimal, given that REC Systems (Thailand) Co., Ltd. contributed only 0.00005% to the company’s consolidated turnover and 0.00010% to its net worth in the financial year 2024-25.
More about Reliance Industries Limited
Reliance Industries Limited is a major conglomerate based in India, operating in various sectors including petrochemicals, refining, oil, telecommunications, and retail. It is one of the largest companies in India by market capitalization and has a significant presence in both domestic and international markets.
Average Trading Volume: 687,393
Technical Sentiment Signal: Buy
Current Market Cap: 20353.5B INR
Learn more about RELIANCE stock on TipRanks’ Stock Analysis page.