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Tuesday, February 27, 2007

Reliance Industries

Mukesh Ambani, the chairman of Reliance Industries (RIL), along with his other associates, will pay Rs 1,402 per share (Rs 16,824 crore) for increasing their stake in the company through warrants issued on a preferential basis.RIL on Saturday announced to build one of largest petrochemical complex at its Jamnagar special economic zone for $3 billion, taking the total investments in the ongoing projects to over $13 billion.

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