Reliance Industries has invested Rs 1,00,000 in the equity shares of RSOUL. “The company has incorporated a wholly owned subsidiary named Reliance SOU (RSOUL) to carry on, inter alia, the business of development of properties for commercial use,” it said in a BSE filing.
It already has another company developing industrial, residential and commercial township in Haryana, Jhajjar, in the name of Model Economic Township, which is a subsidiary of Reliance Ventures, which in turn is a wholly-owned-subsidiary of Reliance Industries.