Reliance Industries Limited (RIL) on Friday said its subsidiary Reliance Industrial Investments and Holdings Limited (RIIHL) has incorporated a company in Estonia.
"This is to inform that Reliance Industrial Investments and Holdings Limited (RIIHL), a wholly owned subsidiary of the company, has incorporated a company 'Jio Estonia OU' in Estonia, on November 22. The entire paid-up share capital of Jio Estonia OU is held by RIIHL," RIL said in a regulatory statement.
"Jio Estonia OU proposes to engage in the activity of software development and providing consultancy for existing and future technology initiatives pursued by the company and its subsidiaries," the statement added.
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