Reliance Industries is currently trading at Rs. 1565.40, up by 2.80 points or 0.18% from its previous closing of Rs. 1562.60 on the BSE.
The scrip opened at Rs. 1567.00 and has touched a high and low of Rs. 1571.60 and Rs. 1564.00 respectively. So far 385214 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 1614.00 on 02-Dec-2019 and a 52 week low of Rs. 1066.55 on 26-Dec-2018.
Last one week high and low of the scrip stood at Rs. 1577.30 and Rs. 1541.40 respectively. The current market cap of the company is Rs. 990563.94 crore.
The promoters holding in the company stood at 50.05%, while Institutions and Non-Institutions held 38.31% and 11.65% respectively.
Reliance Industries’ wholly-owned subsidiary -- Reliance Strategic Business Ventures (RSBVL) has acquired equity shares of NowFloats Technologies for a cash consideration of Rs 141.63 crore. The said investment represents 85% holding in the equity share capital of Nowfloats.
RSBVL proposes to make a further investment of up to Rs 75 crore, subject to achieving agreed milestones. The further investment is expected to be completed by December 2020. Post the further investment, the shareholding of RSBVL will increase to 89.66% of the equity share capital of Nowfloats.
Reliance Industries is India’s largest private sector company. The company’s activities span hydrocarbon exploration and production, petroleum refining and marketing, petrochemicals, retail and 4G digital services.
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