Business Standard

Monday, February 03, 2025 | 09:51 AM ISTEN Hindi

Notification Icon
userprofile IconSearch

Reliance Industries sets up company for real estate development

Last February, RIL bought a 65 per cent stake in a real estate project in Bandra-Kurla Complex for Rs 1,105 crore, taking its total investment in property to $2.6 billion

reliance industries
Premium

Raghavendra Kamath Mumbai
Mukesh Ambani’s Reliance Industries has set up a company — in Reliance Navi Mumbai Infra (RNMIL) — for real estate development.

It said the company has invested Rs 5 lakh as initial capital in the newly incorporated entity, which is yet to commence its business operations. According to sources, RNMIL will develop properties in the special economic zone to be developed by Reliance Industries in Navi Mumbai.

Though there is a buzz that it is created to buy the 132-acre Dhirubhai Ambani Knol­wedge City (DAKC) owned by Anil Ambani’s Reliance Com­m­unications (RCom), a company spokesperson denied the rumours. RIL would be forming

What you get on BS Premium?

  • Unlock 30+ premium stories daily hand-picked by our editors, across devices on browser and app.
  • Pick your 5 favourite companies, get a daily email with all news updates on them.
  • Full access to our intuitive epaper - clip, save, share articles from any device; newspaper archives from 2006.
  • Preferential invites to Business Standard events.
  • Curated newsletters on markets, personal finance, policy & politics, start-ups, technology, and more.
VIEW ALL FAQs

Need More Information - write to us at assist@bsmail.in