Reliance Industries has allotted 12 crore equity shares of Rs 10 each to various promoter group companies, upon exercise of the rights attached to warrants issued to promoter group companies on 12 April 2007. These equity shares will be subject to lock in for a period of 3 years from the date of allotment of the warrants.
Consequent to the above allotment, the paid up equity capital of the company stands increased to Rs 1573.79 crore comprising of 157,37,87,556 equity shares of Rs 10 each fully paid up.
The company made this announcement after the trading hours on Friday, 03 October 2008.
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