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RELIANCE INDUSTRIES LIMITED TO UPSELL STOCKS IN HARYANA SPECIAL ECONOMIC ZONES

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The reliance industries limited has entered into agreement with infrastructure leasing and financial services. According to the sources in www.propertykhazana.com the deal has been inked and discussion is being held with various financial and infrastructure giants for the sale of minority shares by the Reliance Haryana Special Economic Zones limited.
Furthermore, it was very difficult to find out as to the amount of business which RIL would be able to take away from the venture, and nature of the valuations. The discussion is in the preliminary stages. In the annual report generated in 2009, RIL is trying to ink the deal with any good partner to enhance its business potential in the joint venture units. As per the sources revealed at www.Propertykhazana.com it is going to be set up on 10,000 hectares with a huge investment of Rs. 25,000 Crores. However, the government has put a lid of land acquisitions.
Reliance industries limited has inked the deal in the year 2006 for the development of special economic zones which will be multiproduct based. It is considered to be the greatest deal in India and will attract huge investments over one Crores. Reliance India Chairman, Mr. Mukesh Ambani stated, that the joint venture will be listed in the stock exchange. For more interesting updates, please visit the website www.propertykhazana.com.
Source: NBTVLIVE

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