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Friday, November 23, 2018

Reliance sees the opportunities in EU, betting on Software development in Europe


Reliance Industries Limited (RIL) on Friday announced incorporation of Jio Estonia that plans to engage in software development in Europe.

"Reliance Industrial Investments and Holdings Limited (RIIHL), a wholly owned subsidiary of the company has incorporated a company viz., Jio Estonia OU in Estonia, on November 22, 2018. Entire paid up capital of Jio Estonia OU is held by RIIHL," RIL said in a BSE filing.

"Jio Estonia OU proposes to engage in the activity of software development and providing consultancy for existing and future technology initiatives pursued by the company and its subsidiaries," it added.  

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