Reliance Industries is currently trading at Rs. 1914.05, up by 33.55 points or 1.89% from its previous closing of Rs. 1878.50 on the BSE.
The scrip opened at Rs. 1908.50 and has touched a high and low of Rs. 1917.70 and Rs. 1900.10 respectively.
The BSE group ‘A’ stock of face value Rs. 10 has touched a 52 week high of Rs. 1,917.70 on 13-Jul-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. 1917.70 and Rs. 1787.00 respectively. The current market cap of the company is Rs. 1270247.60 crore.
The promoters holding in the company stood at 50.07%, while Institutions and Non-Institutions held 38.06% and 11.87% respectively.
Qualcomm Ventures, the investment arm of Qualcomm Incorporated, an industry leader in wireless technologies, has committed to invest up to Rs 730 crore in Jio Platforms, a wholly-owned subsidiary of Reliance Industries, at an equity value of Rs 4.91 lakh crore and an enterprise value of Rs 5.16 lakh crore. Qualcomm Ventures’ investment will translate into 0.15% equity stake in Jio Platforms on a fully diluted basis. The investment will deepen the ties between Qualcomm and Jio Platforms, to support Jio Platforms on its journey to rollout advanced 5G infrastructure and services for Indian customers.
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.
