New Delhi, September 18
Billionaire Mukesh Ambani has raised promoter stake in flagship Reliance Industries by 2.71% to 48.87%, according to regulatory filing by the company.
Reliance Services and Holdings Ltd, controlled by promoter group firm Petroleum Trust, acquired 17.18 crore shares or 2.71% stake in Reliance on September 13, it said.
The acquisition was pursuant to a scheme of arrangement not directly involving Reliance, the filing said without giving details.
Mukesh Ambani and his private firms held 47.29% stake as on June 30, 2019 in India's second-most valuable company. — PTI
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