Promoters have consolidated their stake in Reliance Industries Ltd by picking up a 2.02 per cent stake in it through open market transactions, taking their total share in the company to 49.16 per cent.
Bhumika Trading Pvt Ltd, Ekansha Enterprises Pvt Ltd, Aavaran Textiles Pvt Ltd and Reliance Enterprises Ltd along with PACs (persons acting in concert) have acquired over 2.81 crore (28.1 million) shares aggregating to 2.02 per cent of the total paid up capital of Relaince.
The stake was picked up through creeping acquisition from May 16 up to September 25, Reliance Industries informed the National Stock Exchange on Thursday.
Following the latest acquisitions, the overall promoter stake in RIL has increased to over 68.50 crore (685 milllion) shares aggregating to 49.16 per cent of the company's total paid up capital, up from 47.14 per cent previously.
