RIL invests Rs 14,000 crore more in unlisted arm – Feedback

India’s largest private sector firm, Reliance Industries Ltd (RIL), has invested a massive Rs 14,000 crore in its unlisted subsidiary – Reliance Industrial Investments and Holdings (RIIH) in the financial year 2016 – making it the largest investment vehicle after its wireless telephony company, Reliance Jio.

RIIH, which made a modest profit of Rs 3.42 crore on income of Rs 961 crore in the financial year 2016, has, in turn, invested in several businesses, including commercial land, IPL team and Jio-related infrastructure apart from making strategic investments, as per Reliance Industries’ latest annual report. A RIL spokesperson did not reply on questions sent on the increased investments made into the subsidiary and on returns on investments. In fact, RIL’s standalone investments in its subsidiaries, in the form of equity, preference shares and debentures, increased to Rs 81,400 crore as of March 31, 2016 from Rs 43,800 a year ago mainly due to Rs 15,000 crore of equity infusion in Reliance Jio apart from Rs 14,000 crore of incremental investments in Reliance Industrial Investments and Holdings, say analysts.

http://www.business-standard.com/article/companies/ril-invests-rs-14-000-crore-more-in-unlisted-arm-116082000845_1.html

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