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On 30 August 2010, the promoters of East India Hotels (EIH) — P.R.S. Oberoi and family — roped in Mukesh Ambani’s Reliance Industries (RIL) as a strategic investor in EIH, selling a 14.12 per cent interest in the company for Rs 1,021 crore. The deal... Full Article at Businessworld.in
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In a filing to the Bombay stock Exchange (BSE) today, Trent Ltd said Reliance Capital purchased 3,86,582 shares through a rights subscription on August 31. Reliance Caps stake buy in Trent comes three months after Anil and his elder brother Mukesh... Full Article at Indian Express
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Reliance Dhirubhai Group Chairman Anil Ambani (C) leaves the Supreme Court in New Delhi on May 7, 2010, after hearing judgements in a legal dispute involving the supply of natural gas. India's Supreme Court ruled in favour of India's richest man, Mukesh... View Photo »
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My father had a greater passion for nature. In fact, I have learnt to love nature from him. He always advocated the cause of conservation of nature. My father instilled that in me (to take up the cause of environment). So whenever there’s a cause like this, I will always be there
– Mukesh Ambani SOURCE: DNA India -
The Karnataka government plans to set up the power plant through competitive bidding and 23 companies have passed the Request for Qualification (RFQ) stage, said a senior official of the Power Company of Karnataka (PCKL). Besides Mukesh Ambani... Full Article at Economic Times
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The company, which already operates 18 large format stores plans its upcoming stores, predominantly in Tier I cities. The official, however, did not divulge any investment details. "We are looking at having 50 stores over the next three-years and... Full Article at DNA India
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Associated Hotelsgained 9.98% or Rs 20.95 to close at Rs 230.85. It touched a 52-week high of Rs 230.85. There were pending buy orders of 43,187 shares, with no sellers available. Why the run up? On August 30, 2010, Energy major Reliance... Full Article at Moneycontrol.com
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Acquisition of stakes in a company like MCF would help RIL to get a strong foothold in the sector. It will certainly provide the Mukesh Ambani-owned firm a ready-made dealers' network, known brand and so on
SOURCE: Indian Express -
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A massive bonus share issue is a huge Diwali gift for your shareholders. What is the message that you are sending out to them? Would you like to tell them through ET Now, is it that you are convinced that there is much more steam left in Reliance... Full Article at Economic Times
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Sept. 2: Shares of Suzlon Energy sizzled on the bourses today amid speculation that Mukesh Ambani-owned Reliance Industries might pick up a stake in the wind turbine maker. On both the stock exchanges BSE and NSE there was a sudden gust of upward... Full Article at Calcutta Telegraph
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That a bigger chunk of the equity may be transferred to various entities in the near future so that the ownership passes from the hands of the Oberoi family to the new set of owners without invoking the Sebi Takeover Code and an open offer that would... Full Article at DNA India
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Mukesh Ambani (Gujarati:મુકેશ અંબાની ) (born on April 19, 1957 in Aden, Yemen) is an Indian business tycoon. He is the chairman, managing director and the largest shareholder of Reliance Industries, India's largest private sector enterprise and a Fortune 500 company. His personal stake in Reliance Industries is 48%. His wealth is valued at $... Full Article At Wikipedia.org
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