Reliance Industries Limited

Infotel Broadband acquires stake in Extramarks Education

Press Release   •   Nov 08, 2011 17:55 +08

Infotel Broadband Services Ltd. (Infotel), a subsidiary of Reliance Industries Ltd., has acquired a 38.5% stake in Extramarks Education Pvt. Ltd. (Extramarks), a company focused on school education and digital learning.

The investment in Extramarks has been made through an affiliate company Reliance Strategic Investments Ltd.

The investment by Infotel will enable Extramarks pursue its aggressive growth plans in further developing services and wider market penetration. Extramarks' digital distribution model will provide invaluable services to the student community across age groups including education support and study help at affordable prices.

Key Contact:
Tushar Pania
Reliance Industries Limited
+ 91 98200 88536

About RIL
Reliance Industries Limited (RIL) is India’s largest private sector company on all major financial parameters with a turnover of INR 2,58,651 crore (US$ 58.0 billion), cash profit of INR 34,530 crore (US$ 7.7 billion), net profit of INR 20,286 crore (US$ 4.5 billion) and net worth of INR 1,51,540 crore (US$ 34.0 billion) as of March 31, 2011.

RIL is the first private sector company from India to feature in the Fortune Global 500 list of 'World's Largest Corporations' and ranks 119th amongst the world's Top 200 companies in terms of profits. RIL ranks 68th in the Financial ‘Times FT Global 500’ list of the world's largest companies. RIL is ranked amongst the ’50 Most Innovative Companies - 2010' in the World in a survey conducted by the US financial publication - Business Week in collaboration with the Boston Consulting Group (BCG). In 2010, BCG also ranked RIL as the second highest ‘Sustainable Value Creators’ for creating the most shareholder value over the decade in the world.