Reliance Industries acquires 100% stake in Lakadia B Power
Reliance Industries (RELIANCE) announced today that it has completed the acquisition of 100% equity stake in Lakadia B Power Transmission Limited (“LPTL”). The acquisition, finalized on February 14, 2025, involved an aggregate consideration of ₹6.73 crore. With this transaction, LPTL now becomes a wholly owned subsidiary of Reliance Industries. The announcement, made to the National Stock Exchange of India Limited and BSE Limited (Scrip Code: 500325), serves as an update further to the disclosure dated January 16, 2025. The company emphasized that this information is for record and information purposes.
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