Reliance Velocity Ltd forms Reliance EV Pvt Ltd

Reliance Infrastructure Limited has announced the incorporation of a new subsidiary Reliance EV Private Limited (REVPL) by Reliance Velocity Limited, a subsidiary of the Company.

REVPL is incorporated on June 06, 2024, as a wholly owned subsidiary of Reliance Velocity Limited (RVL), which is a wholly owned subsidiary of the Company. The Certificate of incorporation has been received from the Ministry of Corporate Affairs on June 8, 2024.

The Authorized and Paid-up Share Capital of REVPL: Rs. 1,00,000/- (Rupees one lakh Only) comprising of 10,000 Equity shares of Rs. 10/- per share.

The main objective of new subsidiary is to manufacture, deal, in vehicles of every description and components for transport and conveyance using any nature of fuel.

Shares of Reliance Infrastructure Limited was last trading in BSE at Rs. 167.75 as compared to the previous close of Rs. 157.70. The total number of shares traded during the day was 590893 in over 7006 trades.

The stock hit an intraday high of Rs. 169.00 and intraday low of 158.65. The net turnover during the day was Rs. 98091518.00.

Source : Equity Bulls

Keywords

RelianceInfrastructure INE036A01016 RELINFRA RelianceVelocity Subsidiary RelianceEV