Model Economic Township in Haryana

Reliance Ventures Limited (RVL), a wholly owned subsidiary of Reliance Industries Limited, and Infrastructure Leasing and Financial Services Limited (IL&FS) entered into an agreement, whereby IL&FS will become a strategic partner and co-promoter of a project which intends to develop a model economic township and other infrastructure facilities at Jhajjar in Haryana. This project is a spin off from Reliance Haryana SEZ Ltd, which is a JV between RVL and the Government of Haryana. IL&FS to acquire 45% equity interest in this new project company. RVL and Government of Haryana will hold 45% and 10% respectively.

12