Key Developments: Reliance Industries Ltd (RELI.BO)
Latest Key Developments (Source: Significant Developments)
Reliance Industries Ltd:Says Viacom acquires 50 pct stake in Indian regional networks.Says Deal for 9.4 bln Indian Rupees.Says With the acquisition, Viacom Inc will hold 50 percent of Prism TV and remaining 50 percent interest will continue to be owned by Network18 Group. Full Article
Reliance Industries Ltd:Says Securities and Exchange Board of India (Sebi) has completed its investigation into the eight-year-old case of Reliance Industries’ fraudulent and unfair trade practices (FTUP) - Business Standard.Says the case pertains to allegations of the company violating the fraudulent and unfair trade practices norms in its dealings on the shares of one of its arm Reliance Petroleum in 2007. Full Article
Reliance Industries Ltd signs definitive agreements for the sale of interest in 'Midstream Joint Venture in the Eagle Ford'
Reliance Industries Ltd:Announces signing definitive agreements for the sale of entire holding of 49.9 pct interest in EFS Midstream LLC to an affiliate of Enterprise Products Partners L.P for a total consideration of about $1,073 million in 'Midstream Joint Venture in the Eagle Ford. Full Article
Heurtey Petrochem SA:Signs of two contracts for a total amount of 43 million euros.First contract with Indian Reliance Industries Ltd concerns the engineering and turnkey delivery of a delayed coker furnace for refinery with delivery due before the end of 2016.Second contract for the delivery in 2017 of 4 heat recovery units in the US. Full Article
Reliance Industries Ltd:Says pricing of $200 mln 5% senior unsecured callable notes due 2035.Deutsche Bank AG, Taipei Branch and HSBC Bank (Taiwan) Ltd acted as Joint Bookrunners and Lead Managers on the transaction.Morgan Stanley & Co. International plc acted as structuring agent on transaction.These Notes, denominated in $ , have been issued primarily to Taiwanese life insurance companies and are proposed to be listed on Taipei Exchange (formerly known as GreTai Securities Market).Such notes are commonly known as formosa bonds.Notes are being issued at par and will bear fixed interest rate of 5 pct p.a., with interest payable semi-annually in arrears and shall rank pari passu with all other unsecured and unsubordinated obligations of the Company.Notes will also have an annual call option at par starting 5 June 2020.Funds will be utilized for company’s ongoing capital expenditure. Full Article
Reliance Industries Ltd:Recommended a dividend of 10.00 Indian rupees per fully paid up equity share. Full Article
Reliance Industries Ltd and Myanma Oil and Gas Enterprise signs contract for two offshore blocks in Myanmar-Business Standard
Reliance Industries Ltd and Myanma Oil and Gas Enterprise:Have signed production sharing contracts for two offshore blocks (M17 and M18)-Business Standard.RIL will be the operator of the blocks with a 96 pct participating interest.United National Resources Development Services Co. Ltd. (UNRD), a Myanmar company, will hold the remaining interest in the block. Full Article
Reliance Industries Ltd:Says it has acquired the right to use spectrum in 13 key circles across India in the recently concluded spectrum auction conducted by DoT, Government of India.Says through this acquisition, RJIL's total equivalent spectrum footprint has increased from 597.6MHz to 751.1MHz. Full Article
India arrests Reliance Industries Ltd executives in widening investigation into alleged document leaks - AP
Reliance Industries Ltd:Indian police questioned five senior energy company executives on Feb.21 in a widening investigation into the alleged theft of classified government documents - The Associated Press.Police also raided a company’s offices in the New Delhi suburb of Noida after arresting one of its consultants on Feb. 20.Meanwhile, police were studying the documents seized to understand exactly what information was being shared with energy companies, and how secret it was.The five new suspects — all executives from energy companies, including Reliance Industries Ltd. and Essar — were arrested on Feb. 20 night after authorities had charged seven others with trespassing, forgery and theft of documents from India’s oil ministry.Authorities acting on a tip arrested the first three suspects after they were caught leaving the ministry of petroleum and natural gas on Feb. 17.Two energy consultants, one of whom was a former economic journalist, were arrested later.The men stole documents, photocopied them and sold them to independent consultants and energy companies. Full Article
Reliance Industries Ltd:Announces that it has priced a rule 144A/Regulation S offering of $ 750 million 4.875 pct senior unsecured notes due 2045. Full Article
MUMBAI - Vodafone India said on Friday it would launch fourth-generation (4G) mobile phone services in the country by the end of the year, joining rival Bharti Airtel in offering faster data services.