RIL s promoter entities propose to re-structure shareholding

Mumbai March 2 (IANS) The promoter group entities of Reliance Industries on Thursday proposed to restructure their shareholding in it without altering the total promoter group s holding in the company.

The promoter group entities of RIL propose to re-structure their shareholding in RIL by inter se transfer of shares among the promoter group entities and have made the necessary disclosures in this regard today a spokesperson for the promoter group said.

The proposed inter se transfers will not result in any change in promoter group shareholding in RIL.

According to a regulatory filing with the BSE eight entities of the promoter group will acquire 118.99 crore share representing 36.70 per cent stake from 15 other promoter group companies for Rs 1 100.78 per share.

--IANS
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