Shareholders to challenge Reliance Industries Limited at National Company Law Tribunal

Reliance Industries Ltd (RIL) holds 99.95 per cent stake in Reliance Retail. About 35 lakh equity shares are accessible in the unofficial market for unlisted stocks.

Several brokers and retail shareholders from the unlisted market have decided to challenge Reliance Industries’ share exchange offer. They are challenging the shares for Reliance Retail (RRL) shareholders at the National Company Law Tribunal (NCLT).

Inves....