Reliance industries surges acquire stake in jio

Reliance Industries surges on investing Rs 1 lakh to acquire stake in Jio Platforms.

Reliance Industries is currently trading at Rs. 1579.20, up by 9.45 points or 0.60% from its previous closing of Rs. 1569.75 on the BSE.

The scrip opened at Rs. 1572.50 and has touched a high and low of Rs. 1581.25 and Rs. 1564.40 respectively. So far 171696 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 1,581.25 on 28-Nov-2019 and a 52 week low of Rs. 1055.35 on 11-Dec-2018.

Last one week high and low of the scrip stood at Rs. 1,581.25 and Rs. 1537.90 respectively. The current market cap of the company is Rs. 998804.91 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 (RIL) has invested Rs 1 lakh to acquire 10,000 equity shares of Rs 10 each at par of the wholly-owned subsidiary (WOS) namely ‘Jio Platforms’ (JPL). JPL was incorporated on November 15, 2019 and is yet to commence its business operations.

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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