Reliance Industries Limited announced that its subsidiary Jiostar India Private Limited has completed the amalgamation of its wholly-owned subsidiary, IndiaCast Media Distribution Private Limited, with itself effective April 21, 2026. The merger was sanctioned by the Regional Director, Western Region, Ministry of Corporate Affairs. The intimation was received by the company at 5:03 p.m. IST on April 22, 2026.

Key Transaction Details

Regulatory Compliance

The disclosure was submitted to both BSE Limited and National Stock Exchange of India Limited in compliance with Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company's scrip code on BSE is 500325, with the trading symbol RELIANCE.

The filing was made by Savithri Parekh, Company Secretary and Compliance Officer of Reliance Industries Limited. Copies of the disclosure have been forwarded to Luxembourg Stock Exchange and Singapore Exchange Limited for information and records.

Reliance Industries executed a significant block trade on the National Stock Exchange (NSE), involving a substantial volume of shares worth Rs. 95.15 crores. The transaction demonstrates notable institutional activity in one of India's largest conglomerates.

Transaction Details

The block trade involved approximately 701,726 shares of Reliance Industries, executed at a price of Rs. 1355.90 per share. This large-volume transaction was conducted through the NSE's block deal mechanism, which allows institutional investors to trade significant quantities without impacting regular market prices.

Block Trade Significance

Block trades represent off-market transactions typically executed by institutional investors, mutual funds, or other large stakeholders. These transactions allow for the transfer of substantial share quantities without creating significant price volatility in the regular trading sessions. The execution of such a sizeable block trade in Reliance Industries shares indicates active participation from institutional investors in the company's stock.

The transaction price of Rs. 1355.90 per share reflects the valuation at which the block trade was executed, providing insight into institutional investor sentiment toward the company's stock at the time of the transaction.