| Mumbai, Reliance Industries Limited (RIL) has sold | | | | IPO. |
| 18.04 crore equity shares,representing 4.01% of the | | | | The sale of shares monetizes only a very small |
| equity share capital of Reliance Petroleum Limited | | | | portion of RIL's holding in RPL. |
| (RPL) out of its' holding of 75%. The aggregate sale | | | | Reliance Industries Limited |
| consideration is Rs4,023 crore. | | | | Reliance Industries Limited (RIL) is India's largest |
| After this sale, the shareholding of RIL in RPL is | | | | private sector company on all major financial |
| 70.99%. | | | | parameterswith turnover of Rs1,18,354 crore (US$ |
| RPL made an offering in May 2006 for 20% of its' | | | | 27.23 billion), cash profit of Rs.17,678 crore (US$ 4.07 |
| equity represented by 90 crore shares. This offering | | | | billion), netprofit of Rs. 11,943 crore (US$ 2.75 billion) |
| wasthe most successful IPO until then with overall | | | | and net worth of Rs. 63,967 crore (US$ 14.72 billion) |
| demand exceeding USD 32 billion. | | | | as of |
| The sale of RPL shares was conducted by | | | | March 31, 2007. RIL is the first and only private |
| transactions through the Stock Exchanges and has | | | | sector company from India to feature in the Fortune |
| helped tofurther broad base the shareholding pattern | | | | Global 500 list of |
| of RPL. The number of shareholders of RPL has | | | | 'World's Largest Corporations' and ranks amongst the |
| increased from | | | | world's Top 200 companies in terms of profits. RILis |
| 12 lac shareholders at the time of IPO to 16 lac. | | | | amongst the 25 fastest climbers ranked by Fortune. |
| RPL is among the best performing stocks in the | | | | RIL also features in the Forbes Global list of world's |
| NIFTY index this year. It has, at current prices, | | | | 400 best big companies and in FT Global 500 list of |
| provided areturn of 250% to its investors since the | | | | world's largest companies. |