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Reliance Industries to set up wholly-owned subsidiary for digital platform initiatives

Reliance Industries to set up wholly-owned subsidiary for digital platform initiatives

Oct 26, 2019, at 01:50 am

Mumbai/IBNS: The Board of Directors of Mukesh Ambani-led Reliance Industries Limited (RIL) on Friday approved the formation of a wholly-owned subsidiary (“WOS”) for Digital Platform initiatives and investment of Rs. 1,08,000 crore in the WOS through Optionally Convertible Preference Shares (OCPS).