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Reliance Ventures has entered into an agreement with Infrastructure Leasing and Financial Services, whereby IL&FS will become a strategic partner and co-promoter of a project to develop a model economic township at Jhajjar, Haryana.
Reliance Ventures is a wholly owned subsidiary of Reliance Industries.
The project is a spin off from Reliance Haryana SEZ Ltd, a joint venture between Reliance Ventures and the Haryana Government.
IL&FS will acquire 45 per cent equity in the project company, where Reliance Ventures and the Haryana Government will hold 45 per cent and 10 per cent respectively.
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