Reliance Industries Limited (RIL) has announced the voluntary liquidation of its wholly-owned subsidiary, Reliance Industries Uruguay Petroquimica S.A. (Reliance Uruguay). The liquidation process was completed on September 26, 2024, at 8:59 p.m. IST, and Reliance Uruguay has officially ceased to be a subsidiary of RIL.
Reliance Uruguay, a non-operating entity, did not contribute to the consolidated turnover and net worth of RIL for the financial year 2023-24. The company had invested approximately INR 0.65 crore in this subsidiary.
The decision to liquidate Reliance Uruguay is part of RIL’s ongoing strategy to streamline its operations and focus on core business areas. The company received the certificate of liquidation on September 26, 2024.
This information has been shared with the BSE Limited, the National Stock Exchange of India Limited, the Luxembourg Stock Exchange, and the Singapore Exchange Limited as part of regulatory compliance.
