Reliance Industries denies Essel Group chairman's media allegations
- Reliance Industries denies baseless allegations by Essel Group chairman Subhash Chandra
- Statement issued on August 28, 2026, filed with BSE and NSE
- Company asserts its media entities have never been used to attack anyone
- Copies of the statement sent to Luxembourg and Singapore stock exchanges
*this image is generated using AI for illustrative purposes only.
Reliance Industries Limited denied allegations made by Essel Group chairman Subhash Chandra regarding its media entities in a statement issued on August 28, 2026.
The company described the remarks as baseless and expressed dismay at the insinuations against its media brands. The statement was filed with the Bombay Stock Exchange and the National Stock Exchange of India Limited.
Statement Details
A spokesperson for Reliance stated that the group's media brands have never been used to attack anyone and will not be in the future. The company emphasized that it holds Subhash Chandra in high regard as a businessman and entrepreneur.
The filing, signed by Company Secretary Savithri Parekh, noted that the media statement is for information and record purposes. Copies were also sent to the Luxembourg Stock Exchange and the Singapore Exchange Limited.
Historical Stock Returns for Reliance Industries
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +0.37% | -2.00% | +0.55% | -7.67% | -7.07% | +27.29% |
How might this public dispute impact Reliance Industries' ongoing negotiations for new media partnerships or content acquisitions?
Could the escalation of tensions between the Essel Group and Reliance influence regulatory scrutiny on media consolidation in India?
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