Reliance Industries is currently trading at Rs. 2150.00, up by 34.40 points or 1.66% from its previous closing of Rs. 2115.60 on the BSE.
The scrip opened at Rs. 2172.00 and has touched a high and low of Rs. 2172.00 and Rs. 2134.00 respectively. So far 83214 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 2198.70 on 27-Jul-2020 and a 52 week low of Rs. 867.45 on 23-Mar-2020.
Last one week high and low of the scrip stood at Rs. 2172.00 and Rs. 2047.25 respectively. The current market cap of the company is Rs. 1430576.68 crore.
The promoters holding in the company stood at 50.37%, while Institutions and Non-Institutions held 38.54% and 11.10% respectively.
Reliance Industries’ (RIL) subsidiary -- Reliance Retail Ventures (RRVL) is acquiring the Retail & Wholesale Business and the Logistics & Warehousing Business from the Future Group as going concerns on a slump sale basis for lumpsum aggregate consideration of Rs 24,713 crore, subject to adjustments as set-out in the composite scheme of arrangement (Scheme). The said acquisition is being done as part of the Scheme in which Future Group is merging certain companies carrying on the aforesaid businesses into Future Enterprises (FEL).
The acquisition of the retail, wholesale and supply chain business of the Future Group complements and makes a strong strategic fit into Reliance’s retail business. This will help Reliance retail to accelerate providing support to millions of small merchants in increasing their competitiveness and enhance their income during these challenging times.
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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