ALSO READReliance Industries' first-quarter standalone profit up 9 percent, tops estimates Reliance Industries second quarter profit up 7 percent, lags estimates Reliance Industries Q2 profit up 7 percent, lags estimates Reliance Industries posts 9 percent rise in standalone profit Reliance Industries prices $800 mn 3.667% Senior Secured Noted due 2027
Acquires stake in newly incorporated entity Dreketi in UruguayReliance Industries has acquired stake in a newly incorporated entity viz Dreketi S.A. in Uruguay (hereinafter called 'Dreketi') and consequentially Dreketi has become wholly-owned subsidiary of the Company. Currently, Dreketi is not engaged in any business activity.
This is a part of Company's plan to strengthen its marketing efforts in Latin American region.
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