Net profit of Reliance Industries rose 7.38% to Rs 18540.00 crore in the quarter ended December 2024 as against Rs 17265.00 crore during the previous quarter ended December 2023. Sales rose 6.62% to Rs 239986.00 crore in the quarter ended December 2024 as against Rs 225086.00 crore during the previous quarter ended December 2023. ParticularsQuarter EndedDec. 2024Dec. 2023% Var. Sales239986.00225086.00 7 OPM %18.2518.06 - PBDT41824.0038736.00 8 PBT28643.0025833.00 11 NP18540.0017265.00 7 Powered by Capital Market - Live News

Reliance Industries will hold a meeting of the Board of Directors of the Company on 16 January 2025.Powered by Capital Market - Live News

Reliance Industries announced that in accordance with the approved resolution plan for the resolution of Karkinos Healthcare (Karkinos), Reliance Strategic Business Ventures (RSBVL), wholly-owned subsidiary of the Company, has on 27 December 2024, subscribed to and has been allotted 1,00,00,000 equity shares of Rs. 10/- each, for cash, aggregating Rs. 10 crore and 36,50,00,000 Optionally Fully Convertible Debentures of Rs. 10/- each, for cash, aggregating Rs. 365 crore of Karkinos. Further, Karkinos has cancelled the existing outstanding 30,075 equity shares held by the erstwhile shareholders of Karkinos in accordance with the approved resolution plan. Post allotment of equity shares to RSBVL and cancellation of existing outstanding equity shares as above, Karkinos has become a step down wholly-owned subsidiary of the Company.Karkinos was incorporated in India on July 24, 2020 and is in the business of providing technology-driven, innovative solutions for the early detection, diagnosis, and management of cancer.Powered by Capital Market - Live News

Reliance Digital Health (RDHL), a wholly owned subsidiary of Reliance Industries, has on 20 December 2024 entered into definitive agreements to acquire 45% equity stake on a fully diluted basis in Health Alliance Group Inc. (HAGI) for an aggregate consideration of USD 10 million.Powered by Capital Market - Live News

Reliance Industries (RIL), Viacom 18 Media�(Viacom18) and The Walt Disney Company (NYSE:DIS) (Disney) today announced that following the approval by the Hon`ble NCLT Mumbai, Competition Commission of India and other regulatory authorities, the merger of the media and JioCinema businesses of Viacom18 into Star India (SIPL) has become effective (the JV). In addition, RIL has invested�Rs 11,500 crore (~US$ 1.4 billion) into the JV for its growth. The JV has allotted shares to Viacom18 and RIL as consideration for the assets and cash, respectively.The transaction values the JV at�Rs 70,352 crore (~US$ 8.5 billion) on a post-money basis, excluding synergies. At the closing of the transactions noted above, the JV is controlled by RIL and owned 16.34% by RIL, 46.82% by Viacom18 and 36.84% by Disney.Nita M. Ambani will be the Chairperson of the JV, with Uday Shankar as Vice Chairperson providing strategic guidance to the JV.The JV will be one of the largest Media & Entertainment companies in India with pro forma combined revenue of approximately�Rs 26,000 crore (~US$ 3.1 billion) for the fiscal year ended in March 2024. The JV operates over 100 TV channels and produces 30,000+ hours of TV entertainment content annually. The JioCinema and Hotstar digital platforms have an aggregate subscription base of over 50 million. The JV holds a portfolio of sports rights across cricket, football and other sports.In a separate transaction, RIL has bought out Paramount Global`s entire stake of 13.01% in Viacom18 for ₹ 4,286 crore. As a result, Viacom18 is owned 70.49% by RIL, 13.54% by Network18 Media & Investments Ltd. and 15.97% by Bodhi Tree Systems, on a fully-diluted basis. Powered by Capital Market - Live News