M&A Deal Summary

Reliance Industries Acquires Reliance Petroleum

On September 16, 2009, Reliance Industries acquired energy services and equipment company Reliance Petroleum for 34.0B INR

Acquisition Highlights
  • This is Reliance Industries’ 1st transaction in the Energy Services and Equipment sector.
  • This is Reliance Industries’ 0th largest (disclosed) transaction.
  • This is Reliance Industries’ 1st transaction in India.

M&A Deal Summary
Date 2009-09-16
Target Reliance Petroleum
Sector Energy Services and Equipment
Buyer(s) Reliance Industries
Deal Type Add-on Acquisition
Deal Value 34.0B INR

Target

Reliance Petroleum

Mumbai, India
Reliance Petroleum Limited is setting up a 27 million metric tonnes per annum (mmtpa) Greenfield petroleum refinery and polypropylene plant in a Special Economic Zone in Jamnagar (Gujarat). The refinery will have a total atmospheric distillation capacity of approximately 580 kilo barrels per stream day (kbpsd). The polypropylene plant will have a capacity to produce 0.9 (mmtpa). Post completion, the refinery will rank as the sixth largest in the world.

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Buyer(S) 1

Buyer

Reliance Industries

Mumbai, India
Category Company
Founded 1973
Sector Energy Services and Equipment
Employees236,334
Revenue 9.01T INR (2024)
DESCRIPTION

Reliance Industries, is a private sector enterprise, with businesses in the energy and materials value chain. The Group's activities span exploration and production of oil and gas, petroleum refining and marketing, petrochemicals (polyester, fibre intermediates, plastics and chemicals), textiles, retail, infotel and special economic zones. Reliance Industries was founded in 1973 and is based in Mumbai, India.

DEAL STATS #
Overall 1 of 4
Sector (Energy Services and Equipment) 1 of 1
Type (Add-on Acquisition) 1 of 2
Country (India) 1 of 3
Year (2009) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-09-13 Genesis Luxury Fashion Pvt.

Gurgaon, India

Genesis Luxury Fashion Pvt. Ltd. is a distributor of high-end fashion brands in India and represents/partners with leading global trends such as Armani, Bottega Veneta, Cavalli, Jimmy Choo, Michael Kors, etc for India.

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