Reliance Industries : Disclosure under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 - Acquisition of further shareholding in SkyTran Inc.
February 28, 2021 at 09:30 am EST
Share
February 28, 2021
BSE Limited
National Stock Exchange of India Limited
Phiroze Jeejeebhoy Towers,
Exchange Plaza, Plot No. C/1,
Dalal Street,
G Block, Bandra - Kurla Complex,
Mumbai 400 001
Bandra (East),
Mumbai 400 051
Scrip Code: 500325 / 890147
Trading Symbol: RELIANCE / RELIANCE PP
Dear Sirs,
Sub: Disclosure under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 - Acquisition of further shareholding in SkyTran Inc.
We had, vide our disclosure dated April 28, 2020 informed that Reliance Strategic Business Ventures Limited ("RSBVL"), a wholly owned subsidiary of the Company had in the aggregate acquired 26.31% of equity (on a fully diluted basis) of skyTran Inc.
RSBVL has since invested an additional amount of USD 26.76 million in skyTran Inc. and its shareholding stands at 54.46% on a fully diluted basis making skyTran Inc. subsidiary of RSBVL.
No regulatory approvals were required in India for the aforesaid acquisition of shares. The investment does not fall within related party transaction and none of the Company's promoter I promoter group I group companies have interest in skyTran Inc.
Thanking you,
Yours faithfully,
For Reliance Industries Limited
Savithri Parekh
Joint Company Secretary & Compliance Officer
Copy to:
The Luxembourg Stock Exchange
Singapore Stock Exchange
Societe de la Bourse de Luxembourg
2 Shenton Way,
35A boulevard Joseph II
#19- 00 SGX Centre 1,
B P 165, L-2011 Luxembourg
Singapore 068804
Regd. Office: 3rd Floor, Maker Chambers IV, 222, Nariman Point, Mumbai- 400 021, India
Reliance Industries Ltd. published this content on 28 February 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 28 February 2021 14:29:05 UTC.
Reliance Industries Ltd is a diversified group organized around 6 areas of activity:
- refining of petroleum products (58.4% of net sales): liquefied petroleum gas, propylene, naphtha, gasoline, kerosene, etc. At the end of March 2021, the group operated a refinery in India. The group also produces petrochemicals (polyethylene, polypropylene, polyvinyl chloride, polyester, purified terephthalic acid, paraxylene, ethylene, olefins, benzene, butadiene, acrylonitrile and caustic soda);
- distribution of consumer products (28.3%): distribution of food products, clothing and accessories, consumer electronics, etc. through a network of 12,711 stores in India;
- digital services (5.1%);
- exploration and production of crude oil and natural gas (0.3%);
- financial services (0.2%);
- other (7.7%): telecommunications and media services, textile manufacturing, etc.
India accounts for 61.5% of net sales.
Reliance Industries : Disclosure under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 - Acquisition of further shareholding in SkyTran Inc.
RELIANCE INDUSTRIES LTD 
