Reliance says Mukesh Ambani's shareholding has not increased in company

'The aggregate shareholding/voting rights of the Promote and Promote Group now stands at 309.8 crore shares - 48.87 per cent'

Reliance Industries on Thursday clarified that promoter and chairman Mukesh Ambani has not acquired any new shares in the company and that his stake has not increased.

This statement comes after the company had on September 17 through a 'Disclosure under Reg/29(2) of Sebi (SAST) Regulations, 2011' said that Reliance Services and Holdings Ltd (controlled by Petroleum Trust - a part of promoter/promoter group) has acquired 17.18 crore or 2.71 per cent stake in the company "pursuant to a scheme of arrangement not directly involving the target company (Reliance)".

"The aggregate shareholding/voting rights of the Promote and Promote Group now stands at