Update on acquisition of 100% equity stake of Kandla GHA Transmission Limited.

Deal CancelledStrategic Transactions View source PDF Explain this filing

RELIANCE · price

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Price reactionminutes from the announcement price · days from the prior close

-0.2%Reaction day

₹1438.70

prior close

₹1436.70

announcement price

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Nifty 100market · index membership as recorded later (tracked since Jun 2026)+0.0%-0.2% vs market

Refineries & Marketing peers, median of 11sector-0.5%+0.3% vs sector

On the reaction day the stock moved 0.2 pts less than Nifty 100 and 0.3 pts more than its Refineries & Marketing peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

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Next day

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Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

Reliance Industries has announced that its planned acquisition of 100% equity stake in Kandla GHA Transmission Limited (KGTL) from PFC Consulting Limited has been cancelled. The company received a letter from PFC on May 6, 2026, informing the annulment of the bidding process. Originally, the acquisition was approved for an aggregate consideration not exceeding Rs. 20 crore. As a result, Reliance will not be acquiring any stake in KGTL.

Likely market impact

The cancelled deal is unlikely to materially impact Reliance's financials as it was a relatively small transaction (Rs. 20 crore). However, it represents a missed opportunity in the power transmission sector.