Home breadcru News breadcru Company breadcru RIL rebuffs reports of RNRL acquisition

RIL rebuffs reports of RNRL acquisition

29 Nov '07
1 min read

With reference to media reports “Ambani brothers may bury the hatchet on RNRL dispute,” Reliance Industries Limited (RIL) strongly denies that there is any plan, or any talks with ADAG for acquiring RNRL.

Such one-sided reports misguide small investors who are lured to buy shares in RNRL, which benefits operators and vested interest.

As a responsible company RIL will always safeguard the interest of its shareholders.

It is unfortunate that a section of media has allowed itself to be used to give sanctity to rumours and canards that are being spread.

Reliance Industries Limited

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