Anil Ambani’s company-Reliance Infrastructure Limited has expanded its business in the real estate sector. Reliance Infrastructure has formed a new subsidiary Reliance Jai Properties Private Limited (RJPPL). Amid this news, shares of Reliance Infrastructure closed in the red at ₹ 225.85 on the BSE on Tuesday, down 1.80 percent. The company last touched its 52-week high at ₹ 308 on April 4, 2024.
About the Company
The new subsidiary was established as a wholly-owned subsidiary of Reliance Energy Limited. Reliance Energy is also a subsidiary of Reliance Infrastructure. Let us tell you that Reliance Jai Properties Private Limited was officially incorporated on August 12, 2024 with an authorized and paid-up share capital of ₹1,00,000, divided into 10,000 equity shares at ₹10 each.
Expansion of real estate
Reliance Jai Properties Private Limited is expected to focus on the real estate industry. The goal of this company is to acquire, sell, lease and develop various properties. This formation of Anil Ambani’s company has come at a time when the real estate sector is expanding. Let us tell you that the Pradhan Mantri Awas Yojana i.e. PMAY-U 2.0 has been designed to provide financial assistance to urban poor and middle class families to build, buy or rent houses at affordable cost in urban areas. Reliance Infra is also expected to get opportunities in this.
Shareholding Pattern
Talking about the shareholding pattern of Anil Ambani’s Reliance Infra, promoters hold 16.50 percent stake. Among the promoters, Anil Ambani family holds 6,63,424 or 0.17 percent shares. RISEE Infinity Private Limited holds more than 16 percent shares in the company.