Reliance Industries Limited (RIL) on Wednesday rubbished reports that it is going to acquire Ahmedabad-based JBF Industries in association with CFM Asset Reconstruction Company (ARC).
“We would like to inform you that there are no talks for Reliance to acquire JBF Industries or its assets,” Reliance said in an exchange filing.
The company said that it evaluates opportunities that come up on an ongoing basis and there is no such information which has not been declared to the stock exchanges and which has to be declared by the company in terms of SEBI (Listing Obligation and Disclosure Requirements). was supposed. Regulations, 2015.
“We have made and will continue to make disclosures in compliance with our obligations under SEBI regulations and our agreements with stock exchanges,” it added.
Shares of Reliance Industries closed up 1.09% on Wednesday ₹2,430.8 on NSE.
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