Cheviot Company Limited has informed the Exchange about Acquisition of Equity Shares.
CHEVIOT · price
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Cheviot Company Limited has disclosed the acquisition of 14,932 equity shares of Reliance Industries Limited (RIL) on 5th August 2025 through the stock exchange for a total consideration of ₹ 2.08 crore at an average price of ₹ 1,394.67 per share. With this purchase, Cheviot's total holding in RIL stands at 1,77,000 equity shares, which is below 0.01% of RIL's share capital. The company clarified that the purchase was made as a long-term investment, considering RIL's strong fundamentals and leading market position, with no intention to acquire control. The transaction is not a related party transaction, and the promoter/promoter group has no interest in RIL. This is a routine investment activity with no material impact on Cheviot's operations.
This is a minor treasury investment by Cheviot in RIL and is unlikely to have any meaningful impact on Cheviot's stock price or shareholder value. Investors should note that Cheviot is deploying a small amount of surplus cash into blue-chip equities, which signals a conservative investment approach.