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Reliance
BSE: 500325NSE: RELIANCEISIN: INE002A01018

11th-Sep-2020 08:22Source: NSE

Reliance Industries Limited

Reliance Industries Limited has informed the Exchange regarding 'This is further to the disclosures dated March 13, 2019 and February 28, 2020 made by the Company. Please note that in accordance with the Resolution Plan, jointly submitted by Reliance Industries Limited ("RIL" or "the Company") and JM Financial Asset Reconstruction Company Limited acting in its capacity as a Trustee of JMFARC- March 2018 Trust - (JMFARC) and approved by National Company Law Tribunal, Ahmedabad Bench, vide its order dated March 8, 2019, under Section 31 of the Insolvency and Bankruptcy Code, 2016, Alok Industries Limited ( ALOK ) has today allotted: 115,32,00,000 equity shares of the face value of Re. 1/- (Rupee One only) each, fully paid up, to RIL, pursuant to conversion of debt; 160,14,00,000 equity shares of the face value of Re. 1/- (Rupee One only) each, fully paid up, to JMFARC, pursuant to conversion of debt.Pursuant to the aforesaid allotment, holding of RIL and JMFARC in the equity share capital of ALOK has increased to 40.01% and 34.99% respectively.'.

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