Reliance Industries is currently trading at Rs. 1606.85, up by 26.25 points or 1.66% from its previous closing of Rs. 1580.60 on the BSE.
The scrip opened at Rs. 1624.00 and has touched a high and low of Rs. 1624.00 and Rs. 1599.15 respectively. So far 30834 shares were traded on the counter.
The BSE group ‘A’ stock of face value Rs. 10 has touched a 52 week high of Rs. 1,624.00 on 08-Jun-2020 and a 52 week low of Rs. 867.82 on 23-Mar-2020.
Last one week high and low of the scrip stood at Rs. 1624.00 and Rs. 1475.65 respectively. The current market cap of the company is Rs. 1068806.51 crore.
The promoters holding in the company stood at 50.07%, while Institutions and Non-Institutions held 38.06% and 11.87% respectively.
Abu Dhabi Investment Authority’s (ADIA) wholly owned subsidiary is planning to invest Rs 5,683.50 crore in Reliance Industries’ wholly owned subsidiary — Jio Platforms. This investment values Jio Platforms at an equity value of Rs 4.91 lakh crore and an enterprise value of Rs 5.16 lakh crore. ADIA’s investment will translate into a 1.16% equity stake in Jio Platforms on a fully diluted basis.
With this investment, Jio Platforms has raised Rs 97,885.65 crore from leading global investors including Facebook, Silver Lake, Vista Equity Partners, General Atlantic, KKR, Mubadala and ADIA in less than seven weeks. Jio Platforms is a next-generation technology platform focused on providing high-quality and affordable digital services across India, with more than 388 million subscribers.
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.