Reliance Industries Limited — JV/Acquisition, 07-05-2026: Acquisition

Reliance Industries (RIL) has informed investors that its previously planned acquisition of 100% equity in Kandla GHA Transmission Limited (KGTL) will not go through. RIL was set to acquire KGTL from PFC Consulting for a consideration not exceeding ₹20 Cr. However, PFC has annulled the existing bidding process, meaning RIL will no longer proceed with the deal. This update reverses the earlier announcement and indicates RIL will not be making this specific ₹20 Cr investment.