RELIANCE INDUSTRIES LTD. - Updates

This is to inform that Reliance Industries Limited (the Company) has acquired stake in a newly incorporated entity viz Dreketi S.A. in Uruguay (hereinafter called 'Dreketi') and consequentially Dreketi has become wholly-owned subsidiary of the Company. Currently, Dreketi is not engaged in any business activity.<BR> <BR> This is a part of Company's plan to strengthen its marketing efforts in Latin American region.<BR>