Edition:
United States

Reliance Industries Ltd (RELI.BO)

RELI.BO on Bombay Stock Exchange

928.05INR
20 Apr 2018
Change (% chg)

Rs-13.20 (-1.40%)
Prev Close
Rs941.25
Open
Rs939.00
Day's High
Rs941.60
Day's Low
Rs921.45
Volume
214,926
Avg. Vol
440,208
52-wk High
Rs990.00
52-wk Low
Rs647.50

Latest Key Developments (Source: Significant Developments)

India's RCom, Lenders File Special Leave Petitions In Supreme Court Against Stay On Sale of Assets
Thursday, 22 Mar 2018 05:12am EDT 

March 22 (Reuters) - Reliance Communications Ltd ::RELIANCE COMMUNICATIONS CLARIFIES ON NEWS ITEM ABOUT SUPREME COURT'S REFUSAL TO LIFT STAY ON CO'S ASSETS SALE TO JIO.SAYS MATTER FIXED FOR HEARING ON APRIL 5.CO, LENDERS FILED SPECIAL LEAVE PETITIONS IN SUPREME COURT AGAINST STAY GRANTED BY 2 LOWER COURTS ON SALE OF CERTAIN ASSETS BY CO.  Full Article

Reliance Industries To Acquire Stake In Eros International
Tuesday, 20 Feb 2018 09:56am EST 

Feb 20 (Reuters) - Eros International Plc ::RELIANCE INDUSTRIES LIMITED TO ACQUIRE STAKE IN EROS INTERNATIONAL PLC.RELIANCE INDUSTRIES ‍ANNOUNCES JOINT PARTNERSHIP WITH EROS INDIA TO SET-UP $150 MILLION FUND TO CO-PRODUCE, CONSOLIDATE CONTENT​.DEAL FOR PRICE OF $15.00 PER SHARE.JYOTI DESHPANDE, GROUP CEO AND MD OF EROS WILL BE STEPPING DOWN FROM HER EXECUTIVE ROLE.‍RELIANCE INDUSTRIES LIMITED​, THROUGH UNIT, AGREED TO SUBSCRIBE TO A 5% EQUITY STAKE IN NYSE LISTED EROS.‍KISHORE LULLA WILL RESUME HIS POSITION OF GROUP CHAIRMAN AND CEO OF EROS​.RIL, CO AGREED TO PARTNER IN INDIA TO JOINTLY PRODUCE AND CONSOLIDATE CONTENT FROM ACROSS INDIA.‍JYOTI DESHPANDE TO HEAD RIL'S MEDIA AND ENTERTAINMENT BUSINESS AS PRESIDENT OF CHAIRMAN'S OFFICE​.‍DESHPANDE WILL CONTINUE TO REMAIN AS A NON-EXECUTIVE DIRECTOR ON BOARD OF EROS​.PARTIES TO EQUALLY INVEST UP TO ABOUT $150 MILLION TO PRODUCE AND ACQUIRE INDIAN FILMS AND DIGITAL ORIGINALS ACROSS ALL LANGUAGES.  Full Article

BRIEF-Reliance Industries Says Unit To Acquire Stake In The Indian Film Combine‍​
Friday, 16 Feb 2018 06:44am EST 

Corrects brief headline to say unit to acquire stake in The Indian Film Combine, not the entire company‍​; adds fourth bullet to include details of stake:UNIT RELIANCE INDUSTRIAL INVESTMENTS AND HOLDINGS PROPOSES TO ACQUIRE EQUITY SHARES OF THE INDIAN FILM COMBINE‍​.ACQUISITION IS EXPECTED TO BE COMPLETED BY MAY 31, 2018.RELIANCE INDUSTRIES - RELIANCE INDUSTRIAL INVESTMENTS AND HOLDINGS TO MAKE ACQUISITION FOR 11.05 BILLION RUPEES.SAYS UNIT TO ACQUIRE 65 PCT EQUITY SHARE CAPITAL IN THE INDIAN FILM COMBINE.  Full Article

Reliance Industries Says Vinod Tahiliani Appointed As CEO Of India Gas Solutions
Monday, 5 Feb 2018 05:24am EST 

Feb 5 (Reuters) - Reliance Industries Ltd ::SAYS VINOD TAHILIANI APPOINTED AS CEO OF INDIA GAS SOLUTIONS PRIVATE LIMITED.  Full Article

Eros Now Announces Renewal Of Platform Integration Deal With Reliance Jio
Wednesday, 17 Jan 2018 08:36am EST 

Jan 17 (Reuters) - Eros International Plc ::EROS NOW ANNOUNCES RENEWAL OF PLATFORM INTEGRATION DEAL WITH RELIANCE JIO.SAYS ‍UNDER TERMS OF NEW DEAL, EROS NOW SERVICE WILL BE AVAILABLE TO JIO SUBSCRIBERS​.  Full Article

Reliance Communications ‍Signs Deal With Reliance Jio Infocomm
Thursday, 28 Dec 2017 07:46am EST 

Dec 28 (Reuters) - Reliance Communications Ltd ::‍SIGNS BINDING DEFINITIVE AGREEMENTS WITH RELIANCE JIO INFOCOMM LIMITED FOR SALE OF VALUABLE WIRELESS SPECTRUM, TOWERS, FIBER AND MCNS​.EXPECTS TRANSACTIONS TO CLOSE IN A PHASED MANNER BETWEEN JANUARY AND MARCH 2018.DEAL CONSIDERATION COMPRISES OF CASH PAYMENT & INCLUDES TRANSFER OF DEFERRED SPECTRUM INSTALMENTS PAYABLE TO DEPARTMENT OF TELECOMMUNICATION‍​.WILL UTILISE PROCEEDS OF MONETISATION OF CASH DEAL SOLELY FOR PRE-PAYMENT OF DEBT TO ITS LENDERS.  Full Article

India's Mukesh Ambani Considers IPO Of Jio Wireless Carrier- Bloomberg,Citing Sources
Tuesday, 12 Dec 2017 05:19am EST 

Dec 12 (Reuters) - :INDIA'S MUKESH AMBANI CONSIDERS IPO OF JIO WIRELESS CARRIER- BLOOMBERG,CITING SOURCES.RELIANCE INDUSTRIES IS HOLDING INTERNAL DISCUSSIONS ABOUT PREPARING TO LIST JIO AS SOON AS LATE 2018 OR EARLY 2019- BLOOMBERG,CITING SOURCES.  Full Article

Reliance Industries Buys Stake In Dreketi S.A. In Uruguay
Friday, 8 Dec 2017 01:11am EST 

Dec 8 (Reuters) - Reliance Industries Ltd ::SAYS BOUGHT STAKE IN DREKETI S.A. IN URUGUAY.SAYS DREKETI HAS BECOME WHOLLY-OWNED UNIT OF CO.  Full Article

Reliance Industries ‍closes sale of assets in Marcellus shale play of north-eastern and central Pennsylvania​
Thursday, 23 Nov 2017 10:27pm EST 

Nov 24 (Reuters) - Reliance Industries Ltd ::Closes sale of its assets in Marcellus shale play of north-eastern and central Pennsylvania​.Contingent amount of up to $11.25 million may be paid to co between 2018-2020 based on certain gas price thresholds being achieved.  Full Article

McDermott receives letter of award for KG-D6 subsea installation contract from Reliance Industries
Wednesday, 1 Nov 2017 07:15am EDT 

Nov 1 (Reuters) - Mcdermott International Inc :Mcdermott-Letter of award for contract from reliance industries for KG-D6 subsea field development in Krishna Godavari Basin, off east coast of India​.Mcdermott International Inc - ‍ contract award is expected to be reflected in Mcdermott's Q4 2017 backlog​.Mcdermott International Inc - ‍contract is scheduled for completion by Q2 of 2020 for base scope, and Q1 of 2021 for optional scope​.  Full Article

BRIEF-India's Reliance Industries: Resolution Plan For Alok Industries Did Not Get Creditors' Panel Nod

* INDIA'S RELIANCE INDUSTRIES SAYS RESOLUTION PLAN FOR ALOK INDUSTRIES DID NOT GET CREDITORS' PANEL APPROVAL Source text for Eikon: [As intimated earlier, Reliance Industries Limited in conjunction with JM Financial Asset Reconstruction Company Limited submitted a resolution plan for Alok Industries Limited. We have been informed that our plan did not meet with the approval of the Committee of Creditors of Alok Industries as required under the Insolvency and Bankruptcy Code.]