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RIL announces to sell $32 mn stake in unit Network18

RIL announces to sell $32 mn stake in unit Network18

Jul 07, 2015, at 02:25 am

Mumbai, July 6 (IBNS): Reliance Industries Limited (RIL) on Monday announced that it is proposing to sell 3.25 crore shares of Network18 Media & Investments Limited (NW18) NW18) to bring down the aggregate shareholding of the promoter and promoter group to 75% and increase the public shareholding to 25% as mandated by Clause 40A of the listing agreement pursuant to Securities Contract (Regulation) Rules, 1957.

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RIL announces to sell $32 mn stake in unit Network18 Mon, Jul 06 2015