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RIL’s arm hikes stake in Future101 Design

Reliance Industries’ (RIL) subsidiary — Reliance Brands has increased its equity shareholding in Future101 Design (Future101) by 2.5% for a consideration of Rs 2 crore, taking its equity shareholding in Future101 to 17.5%.

Reliance Industries is India’s largest private sector company. The company’s activities span hydrocarbon exploration and production, petroleum refining and marketing, petrochemicals, retail and 4G digital services.

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