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Date
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Announcement
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17-Apr-2023
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Reliance Industries will hold a meeting of the Board of Directors of the Company on 21 April 2023.
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15-Apr-2023
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Viacom18 announced that following the sanction by NCLT Mumbai, the Scheme of merger of Reliance Storage with itself has become effective and Viacom18 has allotted shares to Bodhi Tree Systems and RIL group entities as consideration for the Scheme of merger.
Upon consummation of this merger, (i) the integration of JioCinema into Viacom18 has been completed; and (ii) Viacom18 has access to Rs. 15,145 crore of cash for its planned growth, comprising Rs. 10,839 crore contributed by RIL group entities and Rs. 4,306 crore contributed by Bodhi Tree Systems. Qatar Investment Authority (QIA), the sovereign wealth fund of the State of Qatar, is an investor in Bodhi Tree Systems.
As a consequence of the closing of the transactions noted above, the shareholding of Viacom18 will be:
(a) Equity: TV18 – 50.994%; Paramount Global - 48.994%; Bodhi Tree – 0.011%
(b) CCPS: RIL group entities – 82.2%; Bodhi Tree – 17.8%
(c) Fully diluted basis: RIL group entities – 60.37%; TV18 – 13.54%; Bodhi Tree – 13.08%; Paramount Global – 13.01%
Uday Shankar has been appointed to the Board of Viacom18. Paramount Global will continue as a shareholder and supply Viacom18 its premium global content.
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30-Mar-2023
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Reliance Industries announced that an Extra Ordinary General Meeting (EGM) of the Company will be held on 2 May 2023.
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25-Mar-2023
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Reliance Industries announced that Alok Agarwal, Chief Financial Officer of the Company will assume a new role as Senior Advisor to the Chairman and Managing Director of the Company assisting him on a wide range of strategic issues with effect from 01 June 2023, after 30 years of distinguished service.
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21-Mar-2023
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Jio True 5G will now be available across 41 additional cities in 16 States/Union Territories namely Adoni, Badvel, Chilakaluripet, Gudivada, Kadiri, Narsapur, Rayachoti, Srikalahasti, Tadepalligudem (Andhra Pradesh), Margao (Goa),Fatehabad, Gohana, Hansi, Narnaul, Palwal (Haryana), Paonta Sahib (Himachal Pradesh), Rajouri (Jammu & Kashmir) Dumka (Jharkhand), Robertsonpet (Karnataka), Kanhangad, Nedumangad, Taliparamba, Thalassery, Thiruvalla (Kerala), Betul, Dewas, Vidisha (Madhya Pradesh) Bhandara, Wardha(Maharashtra), Lunglei (Mizoram), Byasanagar, Rayagada (Odisha), Hoshiarpur
(Punjab), Tonk (Rajasthan), Karaikudi, Krishnagiri, Ranipet, Theni Allinagaram, Udhagamandalam, Vaniyambadi (Tamil Nadu) and Kumarghat (Tripura).
Jio True 5G services are rolled out in a city only when majority of areas in a city are covered by the transformational True 5G network and users are able to enjoy Truly Unlimited Free 5G Data immediately after such rollout.
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15-Mar-2023
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Reliance Jio today announced the launch of its True 5G services in 34 new cities across the country. Jio True 5G will now be available across 34 additional cities in 10 States/Union Territories namely Amalapuram, Dharmavaram, Kavali, Tanuku, Tuni, Vinukonda(Andhra Pradesh), Bhiwani, Jind, Kaithal, Rewari (Haryana), Dharamshala, Kangra
(Himachal Pradesh), Baramulla, Kathua, Katra, Sopore (Jammu & Kashmir), Haveri, Karwar, Ranebennur (Karnataka), Attingal (Kerala), Tura (Meghalaya),Bhawanipatna, Jatani, Khordha, Sundargarh (Odisha), Ambur, Chidambaram, Namakkal, Pudukkottai, Ramanathapuram, Sivakasi, Tiruchengode, Viluppuram (Tamil Nadu), Suryapet (Telangana).
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10-Mar-2023
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Reliance Polyester (formerly known as Reliance Petroleum Retail), a wholly owned subsidiary of the Company, has on 08 March 2023, after receipt of the necessary approvals, completed the acquisition of
polyester business of Shubhalakshmi Polyesters and Shubhlaxmi Polytex.
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09-Mar-2023
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Airspan Networks Holdings (NYSE:MIMO) (Airspan) and Radisys Corporation (Radisys), a wholly owned subsidiary of Jio Platforms (Jio), announced the sale of Mimosa Networks, Inc. (Mimosa) to Radisys for US$ 60 million on a debt free, cash free basis.
Airspan acquired Mimosa in 2018 to target cost effective fixed wireless access network connections. Mimosa has a diverse portfolio of point-to-point and point-to-multi-point products based on WiFi 5 and the newer WiFi 6E technologies as well as related accessories, such as twist
on antennas, PoE Injectors, etc. These solutions have use cases in the backhaul requirements for 5G and FTTX/ FWA rollouts. Jio has been a major customer of Mimosa.
Mimosa's product development, manufacturing, and sales teams of 56 employees will continue with Mimosa following the acquisition by Radisys. Airspan maintains a reseller channel for specific joint 4G/5G and FWA projects and will continue marketing Mimosa products to some of
its customers following the acquisition.
Reliance Jio Infocomm USA Inc, a wholly owned step-down subsidiary of Jio is a shareholder of Airspan and maintains a seat on its Board of Directors.
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24-Feb-2023
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Reliance Industries announced that CRISIL Ratings has reaffirmed the credit rating of CRISIL AAA/ Stable issued by it for the non-convertible debentures of the company.
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22-Feb-2023
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Reliance New Energy (RNEL) (formerly known as Reliance New Energy Solar), a wholly-owned subsidiary of Reliance Industries, has completed the purchase of 7,433 Common shares; 1,518 Series B1 Preferred shares; and 660 Series B2 Preferred shares of Nexwafe GmbH, for an aggregate consideration of EUR 7,55,684.
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