The demand was made in an ongoing court case against Reliance Industries and British Gas, report says.
The surge in wealth creation in the sector has been led by private banks and non-banking financial companies (NBFCs).
Fortune India list shows RIL as India's top firm in FY19
The stake purchase is aimed at strengthening the group's digital and new commerce initiatives
The most obvious beneficiary of this roll-out will be manufacturers of FASTags, or the Radio Frequency Identification chips
On Wednesday, shares of RIL on the BSE closed at Rs 1,552.55, lower by Rs 26.30 or 1.67%
According to a top source, the process could take one to two weeks before a final announcement is made.
The report will be presented to the committee of creditors (CoC) on Friday to take a final call on the potential best offers
So far this year, RIL's share price has jumped 38.46 per cent
Since September, FPIs have pumped in net amount of Rs 37,496 crore, while domestic mutual funds invested net amount of Rs 12,618 crore in equities, Sebi data shows.
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11 offers submitted for RCom, Reliance Telecom and Reliance Infratel
Foreign brokerage Credit Suisse believes that Jio's tariff hike could bring an annual cash flow in excess of $1.5 billion
The appellate tribunal observed that Sebi in its affidavit had also said that there is no requirement for permission of the market regulator for such delisting
The PE fund's exposure is primarily focused on infra projects (where it invested $10 billion) and real estate (around $4 billion)
After Jio's tariff hike announcement, RIL is on the verge of hitting the Rs 10 trillion m-cap mark
In anticipation of the tariff hike, Reliance Industries' market cap crossed the Rs 9.5-trillion mark on Tuesday
Reliance has increased 35% this year, compared with BP's 1.2% gain as it works on cutting high debt levels
Thus far in the calendar year 2019, RIL's share price has rallied 34 per cent, as compared to 12 per cent rise in the S&P BSE Sensex.
Equity fund managers increased their exposure to Infosys in October amid a sharp slide in the software exporter's share price