Reliance Industries Limited — Important, 25-06-2025: Diversification/Disinvestment

Reliance Industries has announced a board meeting on the financial results for the quarter and half-year. Its wholly-owned subsidiary, RISE Worldwide Limited, formed a joint venture with BLAST Esports Limited by allotting 5 crore equity shares to BLAST, reducing RISE’s stake in Jio BLAST eSports Private Limited to 50%. Jio BLAST has now ceased to be a subsidiary and is classified as a joint venture. This strategic move expands Reliance’s presence in the esports sector, sharing control and risks with BLAST Esports Limited.