Rel Infra acquires 51% stake in Reliance Cementation
Anil Ambani-led Reliance Infrastructure on Tuesday said it has acquired 51 per cent of Reliance Cementation from its group company Reliance Natural Resources Ltd.
By PTI |
MUMBAI: Anil Ambani-led Reliance Infrastructure on Tuesday said it has acquired 51 per cent of Reliance Cementation from its group company Reliance Natural Resources Ltd.
"The company has acquired 51 per cent of Reliance Cementation from RNRL. Consequently Reliance Cementation has become a subsidiary of the company," Reliance Infrastructure said in a filing to the Bombay Stock Exchange.
Reliance Cementation is engaged in manufacturing and exporting cement.
In a separate filing to the exchange, the ADAG firm said it has appointed Price Waterhouse and Chaturvedi & Shah chartered accountants as the auditors of the company.
Besides, Reliance Infra said its board of directors would meet on July 30 to consider and approve the financial results of the company for the quarter ended June 30, 2009.
Shares of Reliance Infra today closed at Rs 1,129.20, down 0.59 per cent on the BSE.
"The company has acquired 51 per cent of Reliance Cementation from RNRL. Consequently Reliance Cementation has become a subsidiary of the company," Reliance Infrastructure said in a filing to the Bombay Stock Exchange.
Reliance Cementation is engaged in manufacturing and exporting cement.
In a separate filing to the exchange, the ADAG firm said it has appointed Price Waterhouse and Chaturvedi & Shah chartered accountants as the auditors of the company.
Besides, Reliance Infra said its board of directors would meet on July 30 to consider and approve the financial results of the company for the quarter ended June 30, 2009.
Shares of Reliance Infra today closed at Rs 1,129.20, down 0.59 per cent on the BSE.
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