Reliance Industries’ arm sells 100% equity stake in RPPMSL
RPPMSL has ceased to be a subsidiary of the company
Reliance Industries’ step-down subsidiary -- Reliance Retail (RRL) has sold its 100% equity stake in Reliance Projects & Property Management Services (RPPMSL) to Jaipur Enclave (Buyer) for an aggregate consideration of Rs 274 crore. Consequently, RPPMSL has ceased to be a subsidiary of the company.
Reliance Industries is India’s largest private sector company. The company’s activities span hydrocarbon exploration and production, petroleum refining and marketing, petrochemicals, retail and 4G digital services.
