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Promoters ramp up stake in RIL, IPCL

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January 17, 2007 15:23 IST

Reliance Industries and IPCL have consolidated their stake in the two Mukesh Ambani group entities over the past quarter.

While the promoters acquired a controlling 50.62 per cent stake in the group's flagship company Reliance Industries, they increased their holding in IPCL to 46.64 per cent at the end of October-December quarter.

Promoters including 42 entities and six individuals -- Mukesh D Ambani, his family members and Kokilaben D Ambani -- bought about 0.7 per cent during the quarter, from 49.92 per cent at the end of September 2006 quarter.

Promoters have also marginally increased their stake in another group company IPCL in the third quarter of 2006-07.

Their stake in IPCL rose to 46.64 per cent in the three months period ending December 2006, from 46.48
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per cent in the previous quarter, the shareholding data available on the stock exchanges shows.

However, the total promoter stake remained unchanged in other group companies like Reliance Petroleum and Reliance Industries Infrastructure Ltd.

Promoters own 80 per cent in RPL, which includes 75 per cent held by Reliance Industries and five per cent by US-based energy major Chevron. RIL holds a 46.23 per cent stake in RIIL as the single promoter.

On the other hand, the promoters' stake in Reliance Communications, Reliance Energy, Reliance Capital and Reliance Natural Resources -- the four companies that are part of the Anil D Ambani Group -- remained unchanged in the last quarter.
Source: PTI© Copyright 2026 PTI. All rights reserved. Republication or redistribution of PTI content, including by framing or similar means, is expressly prohibited without the prior written consent.
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