Reliance Industries : Update on allotment of Rights Equity Shares, kept in abeyance
July 30, 2020 at 03:35 am EDT
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July 29, 2020
BSE Limited
National Stock Exchange of India Limited
Phiroze Jeejeebhoy Towers,
Exchange Plaza, Plot No. C/1, G Block,
Dalal Street,
Bandra-Kurla Complex, Bandra (East),
Mumbai 400 001
Mumbai 400 051
Scrip Code: 500325 / 890147
Trading Symbol: RELIANCE / RELIANCEPP
Dear Sirs,
Sub.: Disclosure under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 - update on allotment of Rights Equity Shares, kept in abeyance
This has reference to our disclosure dated June 11, 2020, wherein we had intimated that the Company had allotted 42,24,40,258 Rights Equity Shares to the eligible applicants against the issue of 42,26,26,894 Equity Shares and the issue of 1,86,636 Rights Equity Shares had been kept in abeyance pursuant to an order passed by the Hon'ble Special Court constituted under the Special Court (Trial of Offences Relating to Transactions in Securities) Act, 1992.
We hereby inform that, upon receipt of the application money and in compliance with the order passed by the Hon'ble Special Court, the Company has, today, on July 29, 2020, allotted the 1,86,636 Rights Equity Shares to the eligible applicants.
With this allotment, the entire 42,26,26,894 Equity Shares issued by the Company pursuant to the Rights Issue are fully allotted.
Thanking you,
Yours faithfully,
For Reliance Industries Limited
Savithri Parekh
Joint Company Secretary and Compliance Officer
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Reliance Industries Ltd. published this content on 29 July 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 30 July 2020 07:35:10 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.