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RIL moves out five cos' regd offices to Ahmedabad

Press Trust of India  |  Mumbai 

has moved out registered offices of its five subsidiaries to over the last year, officials said here Monday.

The list of includes four related with telecom arm Reliance Jio, while the fifth one is an investment company promoted by

It can be noted that the Ambani family is originally from and RIL's largest petrochemicals complex is also located in Jamnagar.

"There was a view internally that we should have something registered in Gujarat, so this has happened," a RIL said.

The added that from the company's perspective nothing changes as the tax treatment and all other aspects are the same across the country and added that with of documents, there is not much of change on that front as well.

The list of reportedly includes Infocomm, Infratel, Messaging Services, Reliance Jio Digital Services, and Ambani's investment holding company

The was quick to point out that it is merely a change in the letter-heads of the company.

It can be noted that the financial capital is one of the largest tax delivering pockets in the country by virtue of many of the having their registered offices here, even though the business presence would be nation-wide.

Jio's profits have been rising steadily over the past few quarters but details on taxes paid by the company which has seen investments of over Rs 1 lakh crore were not immediately available.

A could not be reached immediately for comment.

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

First Published: Mon, May 13 2019. 21:06 IST
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