Photo: ReutersMumbai: The promoter group entities of Reliance Industries (RIL) have proposed to re-structure their shareholding in RIL by inter-se transfer of shares, RIL said in a press statement on Thursday. “The proposed inter se transfers will not result in any change in promoter group shareholding in RIL,” said spokesperson, promoter group, in an email. “We being entities forming part of the promoter group of RIL intend to acquire from other promoter group entities by way of inter-se transfer aggregating up to 1.2 billion equity shares of RIL.The proposed transfers are only amongst the existing promoter group entities,” said Devarshi Commercials LLP in a notice to BSE. Eight group entities of the founders will acquire the shares. These entities include: Devarshi Commercials LLP, Karuna Commercials LLP, Tattvam Enterprises LLP, Srichakra Commercials LLP, Svar Enterprises LLP, Vasuprada Enterprises LLP, Shreeji Comtrade LLP, Shrikrishna Tradecome LLP.

Source: Mint March 02, 2017 16:30 UTC