Reliance promoter group raises stake to 50.48 per cent

The promoter group of Reliance Industries increased its stake to 50.48 per cent during the June quarter through market purchases. Analysts said the move reflects confidence in the company's long-term growth prospects and is viewed positively by investors

New Delhi: The promoter group of Reliance Industries Ltd increased its shareholding by nearly 0.5 percentage points during the June quarter through market purchases, reinforcing its long-term commitment to the country’s most valuable company.

Regulatory shareholding data showed that the promoter and promoter group raised their stake to 50.48 per cent at the end of the June quarter from about 50 per cent three months earlier.

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The purchases were made within the limits permitted under the Securities and Exchange Board of India (Sebi) creeping acquisition regulations, which allow promoters to gradually increase ownership without triggering a mandatory open offer, subject to prescribed thresholds.

Market analysts believe the market purchases by the promoter group would have cost around Rs 8,500 crore to Rs 9,000 crore.

Reliance Chairman Mukesh Ambani, his wife and three children – Isha, Akash and Anant – each hold 1.61 crore shares, or a 0.12 per cent stake, in Reliance, according to the latest shareholding filing by the company. His mother, K D Ambani, holds 3.14 crore shares, or 0.24 per cent, in Reliance.

The remaining shares are held through promoter group entities, with Srichakra Commercials LLP holding the largest stake at 10.93 per cent. Devarshi Commercials LLP, Karuna Commercial LLP and Tattvam Enterprises LLP each hold an 8.06 per cent stake.

The move comes at a time when Reliance continues to invest heavily in its retail, digital, new energy and consumer businesses while pursuing long-term growth opportunities.

A higher promoter stake is generally viewed as a sign of the management’s confidence in the company’s prospects. It can also strengthen promoter control while marginally reducing the public float.

Analysts said such transactions often reflect the view that the stock offers attractive long-term value rather than signalling any imminent corporate action.

The increase is unlikely to have any immediate operational impact but could be interpreted positively by investors as an expression of the promoter group’s confidence in Reliance’s earnings trajectory and future capital allocation plans.

The move, analysts said, signals promoter confidence in Reliance’s long-term growth outlook.

It is seen as a positive signal for minority investors, as promoter buying is often viewed as an indication of confidence.