2. Reliance Industries Limited is an Indian multinational conglomerate company,
headquartered in Mumbai. It has diverse businesses
including energy, petrochemicals, natural gas, retail, telecommunications, mass
media, and textiles. Reliance is one of the most profitable companies in India
The number of shares of RIL are approx. 644.51 crore (6.44 billion).The
promoter group, the Ambani family, holds 50.00% of the total shares
whereas the remaining 50.00% shares are held by public shareholders,
including FII and corporate bodies. Life Insurance Corporation of India is the
largest non-promoter investor in the company, with 7.98% shareholding.
3. Operations
The company's petrochemical, refining, and oil and gas-related operations form the
core of its business; other divisions of the company include cloth, retail,
telecommunications, and special economic zone (SEZ) development. In 2012โ13,
it earned 76% of its revenue from refining, 19% from petrochemicals, 2% from oil &
gas and 3% from other segments.[40]
Former holdings
In March 2017, Reliance Industries Ltd (RIL) completed the sale process of its 76%
equity stake in Mauritius-based oil retailer Gulf Africa Petroleum Corp (GAPCO) to
Total Marketing & Services, a subsidiary of the French oil and gas firm Total SE.[92]
The East West Pipeline has been acquired by India Infrastructure Trust, which is
owned by Brookfield Asset Management for a consideration of โน13,000 c
4. Major Subsidiaries of Reliance Industries:
Jio Platforms Limited
Reliance Retail
Reliance Life Science
Reliance Logistics
Reliance Clinical Research Services (RCRS)
Reliance Solar
Network 18
Relicord
Reliance Jio Infocomm Limited
Reliance Industrial Infrastructure Limited
Reliance Eros Productions LLP
LYF
5. โข De-merger of RIL in 2005โ2006
โข After the death of Dhirubhai Ambani in 2002, the management of the
company was taken up by both the brothers. In November 2004,
Mukesh Ambani, in an interview, admitted to having differences with
his brother Anil over 'ownership issues'. He also said that the
differences "are in the private domain". The share prices of RIL were
impacted by some margin when this news broke out. In 2005, after a
bitter public feud between the brothers over the control of the
Reliance empire, mother Kokilaben intervened to broker a deal
splitting the RIL group business into two parts.In October 2005, the
split of Reliance Group was formalised. Mukesh Ambani got
Reliance Industries and IPCL. Younger brother Anil Ambani received
telecom, power, entertainment, and financial services business of the
group. The Anil Dhirubhai Ambani Group includes Reliance
Communications, Reliance Infrastructure, Reliance Capital, Reliance
Natural Resources and Reliance Power.
6. The division of Reliance group business between the two brothers also resulted in
de-merger of 4 businesses from RIL.These businesses immediately became part of
Anil Dhirubhai Ambani Group. The existing shareholders in RIL, both the promoter
group and non-promoters, received shares in the de-merged companies.
Petition against Reliance Jio
A PIL filed in the Supreme Court by an NGO Centre for Public Interest
Litigation, through Prashant Bhushan, challenged the grant of a pan-India
license to RJIL by the Government of India. The PIL alleged that RJIL was
allowed to provide voice telephony along with its 4G data service, by paying
an additional fee of just INR 16,580 million (US$280 million) which was
arbitrary and unreasonable and contributed to a loss of INR 228,420 million
(US$3.8 billion) to the exchequer
7. Future Retail deal and possession
In February 2022, Reliance terminated the leases of hundreds of Future Retail locations,
the next largest retail chain in India, and took possession of those brick-and-mortar shops.
Future Retail had a deal to sell its assets to Reliance, but that deal was contested
by Amazon.com, which in 2019 acquired a stake in a subunit of Future Retail along with
certain rights with respect to the transfer of the retailer's assets. Reliance's possessions
came after rounds of legal wrangling, including a 2020 arbitration in Singapore and an
antitrust review by the Competition Commission of India.
Marketing Strategy Of Reliance Industries Limited
Products
Reliance Industries Limited is perhaps the greatest aggregate in India. Its business is
available in different segments which are concentrated to comprehend Reliance's item
system in its showcasing blend. The retail segment incorporates Reliance Fresh, Big Bazaar,
Reliance Mart, Reliance Market, Reliance Home Kitchen, Reliance iStore, Reliance Solar,
and more.
8. Price
Reliance Industries Limited pursues a distinctive valuing methodology for various
segments. Thus, the advertising blend and evaluation technique of Reliance
Industries is unique in light of rivalry and market administration in certain parts. It
pursues entrance valuing for retail, media transmission, and well-being. At the point
when the organization propelled Reliance Jio, it offered free Jio administrations to
its clients during the dispatch time frame to build a piece of the pie.
Place
Reliance Industries has a solid nearness all over India. Reliance Retail is the biggest
retailer that has more than 1500 stores crosswise over India. Here are the investors that
makes Reliance Retail, one of the largest retailer in India. Different brands like
Reliance Fresh, Reliance Footprint, Reliance Digital, and Reliance Trends have arrived
in Tier 1 and Tier 2 urban areas.
Reliance Jio sim administrations are accessible crosswise over significant areas and its
network has improved significantly over the last years.
