When did the demerger from Reliance Industries Limited take place?
July 2004
July 2006
July 2008
July 2010
Answer
In July 2006, Reliance Industries Limited underwent a demerger, dividing the company into two separate entities: Reliance Industries Limited and Reliance Natural Resources Limited. The demerger aimed to unlock value for shareholders by separating the oil and gas exploration and production business from the refining, petrochemicals, and retail operations. This strategic move allowed both companies to focus on their respective areas of expertise and pursue distinct growth strategies.
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