RIL announces to sell $32 mn stake in unit Network18
"In this regard, Shinano Retail Private Limited (effectively 100 percent owned by Reliance Industrial Investments and Holdings Limited, a wholly owned subsidiary of RIL), a promoter group company of NW18, has issued a notice of Offer for Sale of 3.25 crore shares of NW18 through the stock exchange mechanism in accordance with the SEBI circulars," the company said in a statement.
Reliance Industries Limited (RIL) is a private sector company, with a consolidated turnover of Rs. 3,88,494 crore (US$ 62.2 billion), cash profit of Rs. 36,291 crore (US$ 5.8 billion) and net profit of Rs. 23,566 crore (US$ 3.8 billion) for the year ended March 31, 2015.
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