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of <h1>Reliance Industries Holds No Direct Media Shares, Owns Reliance Digital Media via Subsidiary; Complies with Companies Act 1956.</h1> As of March 31, 2011, Reliance Industries Limited (RIL) had no direct shareholding in any media companies, according to its balance sheet. However, RIL holds a 100% stake in Reliance Digital Media Limited through its subsidiary, Reliance Retail Limited. This investment does not breach the Companies Act, 1956. This information was provided by a government official in response to a query in the Rajya Sabha.
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