New Delhi, Feb. 25 -- Reliance Industries Limited informed the stock exchanges that Reliance Enterprise Intelligence Limited (REIL) has ceased to be a step-down wholly owned subsidiary of the company following a fresh equity allotment.

In a disclosure submitted to the exchanges under SEBI's Regulation 30 (Listing Obligations and Disclosure Requirements) Regulations, 2015, Reliance Industries Limited stated that REIL allotted 85,31,75,000 equity shares of face value Rs 10 each at par.

Of the total allotment, 59,66,22,500 equity shares aggregating Rs 596.6 crore were allotted to Reliance Intelligence Limited, a wholly owned subsidiary of Reliance Industries Limited, while 25,65,52,500 equity shares aggregating Rs 256.6 crore were allotted...