| Mukesh to consolidate RIL holding |
| Our Bureau / Mumbai March 16, 2006 |
| Mukesh Ambani-owned nine companies, led by Bhumika Trading, will acquire 13.13 per cent shares from other 14 group companies, Reliance Industries Ltd (RIL) informed the National Stock Exchange on Tuesday. The transfer of 18,29,91,529 shares from 14 companies to nine will be done at 1 per cent above or below the closing price on the previous day or ruling market price as applicable to a block deal on the day of acquisition, according to the company release. This move will help Mukesh consolidate his holding in the company. At present, the promoter |
