ANIL AMBANI GROUP FIRM RELIANCE CAPITAL EXITS RIL, SELLS RS 130 CR WORTH SHARES

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Anil Ambani group firm Reliance Capital has exited Mukesh Ambani-led Reliance Industries by offloading an investment worth Rs 129.88 crore in the shares of the country’s most valued firm. However, R-Cap continues to hold a little over one per cent stake in another Mukesh Ambani group firm Reliance Industrial Infrastructure Ltd (RIIL). Incidentally, another Anil Ambani group firm RNRL is engaged in a legal battle with RIL and both entities have approached the Supreme Court in last two days on a judgement by Bombay High Court on a gas supply dispute between them. The disclosures about the sale of RIL shares as also the continuing investment in RIIL shares have been made in the annual report of R-Cap for the fiscal 2008-09.

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