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Prasad holds 17,433 shares in RIL

This article was posted on Aug 31, 2009 and is filed under Stock News

Reliance Industries today said PMS Prasad, who has been recently inducted into the company board, holds 17,433 equity shares in the company but does not own any derivatives of the shares.

In a regulatory disclosure to the National Stock Exchange RIL said, PMS Prasad has informed the exchange that “I do not have the derivatives of the company’s shares.”

Prasad, who has been with RIL for over 28 years and heads the company’s petroleum business, has been inducted into RIL’s board as executive director with effect from August 21, 2009.

As on the date of assuming office of director, Prasad held 17,433 equity shares in the company, the filing said.

The company has also appointed Crisil’s former chairman R Ravimohan as executive director on the board. With the appointments, the RIL board has expanded to 14 with seven members being independent directors.

source: Sify

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