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RIL & Reliance ADA group signs agreement cancelling all existing non-compete arrangements

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Entered between the two groups in January 2006

Reliance Industries (RIL) led by Mukesh D. Ambani and Reliance ADA Group companies Reliance Communications, Reliance Infrastructure, Reliance Natural Resources and Reliance Capital led by Anil D. Ambani, have approved and signed an agreement cancelling all existing non-compete arrangements entered into between the two groups in January 2006, pursuant to the scheme of reorganization of the Reliance Group and entered into a new, simpler non-compete agreement with respect to only gas based power generation.



The company made this announcement before the trading hours today, 24 May 2010.



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