Reliance Industries Ltd (RIL) has invested Rs. 1,00,000 in cash in 10,000 equity shares of Rs. 10 each of “Reliance New Energy Solar Ltd” (RNESL), a newly integrated thoroughly owned subsidiary. RNESL is included to adopt sports regarding solar electricity. RNESL is yet to commence its enterprise operations.
The investment in RNESL does now not fall within associated party transaction and the promoter/ promoter organization/ institution agencies do no longer have any interest in RNESL. No governmental or regulatory approvals have been required for the said funding.
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