The promoter group entities of Reliance Industries restructured their holdings on Thursday even as the overall holding remained the same, a promoter group entity said in a disclosure to stock exchanges.
Fifteen promoter group entities are selling over 118.99 crore shares inter-se to eight other promoter group entities. The overall shareholding of the promoter group continues at 46.48 per cent.
“The promoter group entities of RIL propose to restructure their shareholding in RIL by inter se transfer of shares among the promoter group entities and have made the necessary disclosures in this regard today. The proposed inter se transfers will not result in any change in promoter group shareholding in RIL”, a promoter group spokesperson said in a statement to the media.
The stock closed at Rs 1,233.25 on the BSE on Thursday