Reliance Industries : Acquisition of 100% stake in REC Solar Holdings AS by Reliance New Energy Solar Limited
December 01, 2021 at 11:51 pm
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December 1, 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 /RELIANCEP1
Dear Sir,
Sub.: Disclosure under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 - Acquisition of 100% stake in REC Solar Holdings AS by Reliance New Energy Solar Limited
We had, vide our disclosure dated October 10, 2021 informed that Reliance New Energy Solar Limited (RNESL), a wholly owned subsidiary of the Company, had announced acquisition of 100% shareholding of REC Solar Holdings AS (REC Group) from China National Bluestar (Group) Co Ltd.
RNESL has today completed acquisition of 100% shareholding of REC Group from China National Bluestar (Group) Co Ltd.
Kindly take the same on record.
Thanking you,
Yours faithfully,
For Reliance Industries Limited
Savithri Parekh
Company Secretary and Compliance Officer
Copy to:
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#19- 00 SGX Centre 1,
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Regd. Office: 3rd Floor, Maker Chambers IV, 222, Nariman Point, Mumbai- 400 021, India
Reliance Industries Ltd. published this content on 01 December 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 02 December 2021 04:50:05 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.