Reliance Industries is currently trading at Rs. 2142.95, up by 24.20 points or 1.14% from its previous closing of Rs. 2118.75 on the BSE.
The scrip opened at Rs. 2141.95 and has touched a high and low of Rs. 2150.00 and Rs. 2137.20 respectively.
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. 2156.50 and Rs. 2070.00 respectively. The current market cap of the company is Rs. 1432705.40 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’ subsidiary — Reliance Retail Ventures (RRVL) has acquired equity shares of Vitalic Health (Vitalic) and its subsidiaries for a cash consideration of around Rs 620 crore. The said investment represents around 60% holding in the equity share capital of Vitalic and direct 100% equity ownership of its subsidiaries, viz: Tresara Health (THPL), Netmeds Marketplace (NML) and Dadha Pharma Distribution (DPDPL). RRVL will further acquire equity stake in Vitalic, through a mix of secondary purchase and primary investment, for at least 80% stake by April 2024, with an option to increase to 100% ownership.
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.
