Reliance Industries Limited (RIL) has approved a proposal to reduce the equity share capital to the extent held by shareholders other than its Promoter and Holding Company, i.e., Reliance Retail Ventures Limited (RRVL). The meeting was held on July 4. Post-reduction, such shares shall be cancelled and extinguished and a consideration of Rs.1362 Cr will be paid to such shareholders.
Reliance Industries Limited. has to undergo capital reduction
