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RIL in focus after subsidiary acquires 16% stake in US-based KTI

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Industries' (RIL) step-down subsidiary, Retail (RRL), has subscribed to 19.04 lakh common shares of Technologies Inc (KTI) at $3.675 per share, for cash aggregating to $7 million, translating to 16% of equity stake of KTI on a fully diluted basis. KTI is an emerging mobile provider incorporated in the State of Delaware, USA in 2014. The announcement was made after market hours on Friday, 9 March 2018.

Separately, said that its telecom arm Jio Infomm's (RJio) Live TV app JioTV has introduced India's first for consumers watching the ongoing tri-nation Nidahas trophy which is being shown exclusively on JioTV in With this, JioTV consumers can interact with the game while watching it - a revolution in the Live TV space, said. The announcement was made after market hours on Friday, 9 March 2018.

of announced that it was declared as the successful bidder under tariff-based competitive bidding to establish transmission system for 'New WR-NR 765 kV Inter-Regional Corridor' on build, own operate and maintain (BOOM) basis. The Letter of Intent (1-01) was received on 1 March 2018. The transmission system traverses in the state of and and includes 765kV transmission line. The announcement was made after market hours on Friday, 9 March 2018.

MOIL said that its board approved setting up Alloys Plant (FAP) at The 50000 MTPA project involves total investment of Rs 263.82 crore and it is expected to be commissioned by the end of calendar year 2021. Further, the board approved setting up Alloys Plant (FAP) at The 25000 MTPA project involves total investment of Rs 155 crore and it is expected to be commissioned by the end of calendar year 2021. The setting up of the projects is a part of diversification options stipulated in the strategic management plan for the growth of the company. The announcement was made after market hours on Friday, 9 March 2018.

announced the inauguration of the first and training centre in India, at Mangalagiri near in Guntur district of This is also the first Linde in and ASEAN, it added. The announcement was made after market hours on Friday, 9 March 2018.

said it proposes to issue secured redeemable non-convertible debentures amounting to Rs 500 crore including a Greenshoe option of upto Rs 250 crore on private placement basis. The announcement was made after market hours on Friday, 9 March 2018.

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(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Mon, March 12 2018. 07:44 IST
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