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Reliance Completes Acquisition of Shares of IMG Reliance from IMG Singapore

Posted by Rebecca Ash | Jan 29, 2021 | News |

Reliance Industries Limited has completed the acquisition of shares of IMG Reliance from IMG Singapore Pte Ltd. The holding of the company along with IMG-R in Football Sports Development Limited (FSDL) is 65% and FSDL has become a subsidiary of the RIL.

Reliance Industries Limited announced the rebranding of its Sports & Lifestyle business to ‘RISE Worldwide Limited ’ as it independently ventures into the burgeoning industry in India and globally.

RISE Worldwide Limited is conceptualized with the belief that ‘Together We RISE as 1’; the company’s motto represents the passion, positivity, optimism and leadership of a young India, globally.