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Reliance Industries Limited ( (IN:RELIANCE) ) has shared an update.
Reliance Industries Limited announced that Jio BLAST eSports Private Limited, initially a wholly-owned subsidiary under RISE Worldwide Limited, has transitioned into a joint venture following the allotment of shares to BLAST Esports Limited. This strategic move reduces RISE’s stake in Jio BLAST to 50%, aligning with the company’s joint venture agreement to expand its esports business in India. The transaction, which does not involve related parties or require regulatory approvals, marks a significant step in Reliance’s efforts to strengthen its position in the growing esports industry.
More about Reliance Industries Limited
Reliance Industries Limited is a diversified conglomerate with interests spanning across various sectors including energy, petrochemicals, textiles, natural resources, retail, and telecommunications. The company is a major player in the Indian market and has a significant global presence.
Average Trading Volume: 876,488
Current Market Cap: 19707.9B INR
See more insights into RELIANCE stock on TipRanks’ Stock Analysis page.