𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡 𝐈𝐜𝐨𝐧- 𝐌𝐮𝐤𝐞𝐬𝐡 𝐀𝐦𝐛𝐚𝐧𝐢 𝐢𝐧𝐜𝐫𝐞𝐚𝐬𝐞𝐬 𝐬𝐭𝐚𝐤𝐞 𝐢𝐧 𝐑𝐞𝐥𝐢𝐚𝐧𝐜𝐞 𝐈𝐧𝐝𝐮𝐬𝐭𝐫𝐢𝐞𝐬

According to an exchange filing on Tuesday, Mukesh Ambani’s stake in Reliance Industries (RIL) has increased to 48.87% pursuant to a scheme of arrangement.

Mukesh Ambani and his private firms held 47.29% stake as on June 30, 2019, in the company, the company said in the filing.

Reliance Services and Holdings, a private firm of Mukesh Ambani said that it has acquired 2.71% stake, or 17.19 crore shares, on September 13, 2019, pursuant to a scheme of arrangements.

The additional stake was acquired by Reliance Services and Holdings (controlled by Petroleum Trust, part of the promoter group), it added. The market value of RIL on Tuesday was Rs7.58 trillion.

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