Epic Research

Thursday, May 16, 2013

Epic Update : Reliance Industries

Reliance IndustriesReliance Industries (RIL) has lent Rs 17,300 crore to one of its subsidiary – Reliance Industrial Investments and Holdings, in order to make investments in land, retail and other developing businesses like EIH. Of the total, a tranche of Rs 13,944 crore has been lent to the subsidiary as an interest free loan for investing in all those businesses which are in the developmental stage, which includes investments in retail.

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