<p>Billionaire Mukesh Ambani has raised promoter stake in flagship Reliance Industries by 2.71 per cent to 48.87 per cent, according to a regulatory filing by the company.</p>.<p>Reliance Services and Holdings Ltd, controlled by promoter group firm Petroleum Trust, acquired 17.18 crore shares or 2.71 per cent stake in Reliance on September 13, it said.</p>.<p>The acquisition was pursuant to a scheme of arrangement not directly involving Reliance, the filing said without giving details.</p>.<p>Ambani and his private firms held 47.29 per cent stake as on June 30, 2019 in India's second-most valuable company.</p>.<p>As on June 30, FIIs held 24.4 per cent stake in the firm, mutual funds had 4.56 per cent and insurance companies 7.1 per cent. The remaining share was with public.</p>.<p>Earlier in July, Reliance had announced a composite scheme of amalgamation by merging Reliance Holding USA into Reliance Energy Generation and Distribution and the latter with the company itself.</p>
<p>Billionaire Mukesh Ambani has raised promoter stake in flagship Reliance Industries by 2.71 per cent to 48.87 per cent, according to a regulatory filing by the company.</p>.<p>Reliance Services and Holdings Ltd, controlled by promoter group firm Petroleum Trust, acquired 17.18 crore shares or 2.71 per cent stake in Reliance on September 13, it said.</p>.<p>The acquisition was pursuant to a scheme of arrangement not directly involving Reliance, the filing said without giving details.</p>.<p>Ambani and his private firms held 47.29 per cent stake as on June 30, 2019 in India's second-most valuable company.</p>.<p>As on June 30, FIIs held 24.4 per cent stake in the firm, mutual funds had 4.56 per cent and insurance companies 7.1 per cent. The remaining share was with public.</p>.<p>Earlier in July, Reliance had announced a composite scheme of amalgamation by merging Reliance Holding USA into Reliance Energy Generation and Distribution and the latter with the company itself.</p>