Reliance Industries Executes Rs. 73.94 Crore Block Trade on NSE
Reliance Industries Limited (RIL) executed a block trade of 535,503 shares at ₹1,380.70 per share on the National Stock Exchange, totaling ₹73.94 crores. Additionally, RIL announced the dissolution of its step-down wholly owned subsidiary, Reliance Global Project Services Pte. Ltd., as confirmed by Singapore's Accounting and Corporate Regulatory Authority.

*this image is generated using AI for illustrative purposes only.
Reliance Industries Limited (RIL), one of India's largest conglomerates, has recently executed a significant block trade on the National Stock Exchange (NSE), showcasing continued market activity in the company's shares.
Block Trade Details
Reliance Industries executed a block trade involving 535,503 shares at a price of Rs. 1,380.70 per share. The total transaction value amounted to Rs. 73.94 crores, indicating substantial interest in the company's stock.
Corporate Update
In a separate development, Reliance Industries has provided an update on its corporate structure. According to the company's latest disclosure under Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015:
- Reliance Global Project Services Pte. Ltd., a step-down wholly owned subsidiary of Reliance Industries, has been dissolved.
- The dissolution was confirmed by the Accounting and Corporate Regulatory Authority, Singapore.
- As a result, Reliance Global Project Services Pte. Ltd. has ceased to be a subsidiary of Reliance Industries.
This corporate restructuring move aligns with Reliance Industries' ongoing efforts to streamline its operations and optimize its corporate structure.
Implications
The execution of the block trade worth Rs. 73.94 crores demonstrates continued investor interest in Reliance Industries' shares. Meanwhile, the dissolution of its step-down subsidiary reflects the company's dynamic approach to managing its corporate structure, potentially aimed at enhancing operational efficiency.
Investors and market watchers will likely keep a close eye on Reliance Industries' future moves, both in terms of market activity and corporate restructuring initiatives.
Historical Stock Returns for Reliance Industries
1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
---|---|---|---|---|---|
-0.77% | -2.93% | -2.85% | +5.40% | -7.85% | +38.61% |