Reliance Industries Ltd.

Reliance Industries has acquired 57,12,39,588 equity shares representing 74% of Navi Mumbai IIA (NMIIA) at a price of Rs 28.50 per equity share aggregating Rs 1628.03 crore. City and Industrial Development Corporation of Maharashtra (CIDCO) holds the balance 26% equity shares in NMIIA. With this acquisition, NMIIA has become subsidiary of the Company. 

Reliance Industries is India’s largest private sector company. The company’s activities span hydrocarbon exploration and production, petroleum refining and marketing, petrochemicals, retail and 4G digital services.