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Reliance sells four per cent of RPL equity

KOLKATA: Reliance Industries Ltd (RIL) has sold 4.01 per cent of the equity share in its subsidiary company Reliance Petrochemical Ltd (RPL) by transactions through the stock exchanges.

The aggregate sale consideration is Rs. 4,023 crore and post-sale RIL’s stake has come down to 70.99 per cent from 75 per cent.

Company sources said that the sale of 18.04 crore RPL shares would help maximise shareholder value and it monetised only a small share of Reliance Industries’ holding in RPL.

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