Reliance Industries : Resolution Plan with regard to Corporate Insolvency Resolution process of Reliance Infratel Limited submitted by Infrastructure Projects - a division of Reliance Digital Platform & Project Services Limited
March 06, 2020 at 10:47 am IST
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March 06, 2020
BSE Limited
National Stock Exchange Limited
Phiroze Jeejeebhoy Towers
Exchange Plaza
Dalal Street
Plot No C/1, G Block
Mumbai 400 001
Bandra - Kurla Complex, Bandra (East)
Mumbai 400 051
Scrip Code: 500325
Trading Symbol: "RELIANCE EQ"
Dear Sirs,
We wish to inform you that in connection with the resolution plan with regard to Corporate Insolvency Resolution process of Reliance Infratel Limited ("Corporate Debtor"), submitted by Infrastructure Projects - a division of Reliance Digital Platform & Project Services Limited ("RDPPSL"), a wholly owned subsidiary of Reliance Industries Limited, the Resolution Professional has informed yesterday, i.e. March 05, 2020 - during early hours via e-mail received at 00:28 Hrs. (12:28 AM), that the Resolution Plan submitted by RDPPSL has been approved by CoC.
Kindly take the same on record.
Thanking you,
Yours faithfully,
For Reliance Industries Limited,
Savithri Parekh
Joint Company Secretary and
Compliance Offer
Copy to:
1. The Luxembourg Stock Exchange Societe de la Bourse de Luxembourg 35A Boulevard Joseph II
B P 165, L-2011 Luxembourg
Regd. Office: 3rd Floor, Maker Chambers IV, 222, Nariman Point, Mumbai- 400 021, India
Reliance Industries Ltd. published this content on 06 March 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 06 March 2020 05:17:01 UTC
Reliance Industries Ltd is a diversified group organized around 6 areas of activity:
- refining of petroleum products (58.4% of net sales): liquefied petroleum gas, propylene, naphtha, gasoline, kerosene, etc. At the end of March 2021, the group operated a refinery in India. The group also produces petrochemicals (polyethylene, polypropylene, polyvinyl chloride, polyester, purified terephthalic acid, paraxylene, ethylene, olefins, benzene, butadiene, acrylonitrile and caustic soda);
- distribution of consumer products (28.3%): distribution of food products, clothing and accessories, consumer electronics, etc. through a network of 12,711 stores in India;
- digital services (5.1%);
- exploration and production of crude oil and natural gas (0.3%);
- financial services (0.2%);
- other (7.7%): telecommunications and media services, textile manufacturing, etc.
India accounts for 61.5% of net sales.
Reliance Industries : Resolution Plan with regard to Corporate Insolvency Resolution process of Reliance Infratel Limited submitted by Infrastructure Projects - a division of Reliance Digital Platform & Project Services Limited