RIL surges with arm signing agreement to acquire stake in Hamleys Global Holdings

10 May 2019 Evaluate

Reliance Industries (RIL) is currently trading at Rs. 1271.25, up by 16.10 points or 1.28% from its previous closing of Rs. 1255.15 on the BSE.

The scrip opened at Rs. 1264.90 and has touched a high and low of Rs. 1277.90 and Rs. 1263.00 respectively. So far 34964 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 1417.00 on 03-May-2019 and a 52 week low of Rs. 907.10 on 30-May-2018.

Last one week high and low of the scrip stood at Rs. 1402.00 and Rs. 1251.50 respectively. The current market cap of the company is Rs. 795628.55 crore.

The promoters holding in the company stood at 47.27%, while Institutions and Non-Institutions held 36.25% and 16.29% respectively.

Reliance Industries’ subsidiary -- Reliance Brands (RBL) has signed a definitive agreement to acquire, subject to terms and conditions stated in the agreement, either by itself or through a direct or indirect wholly owned subsidiary of, and controlled by, RBL, 100% equity shares of Hamleys Global Holdings (HGHL) for a cash consideration of GBP 67.96 million.

Reliance Lifestyle Holdings, a subsidiary of the Company, runs and operates the Indian franchise of the Hamleys brand and has 88 stores in India. This acquisition will catapult RBL to be a major player in the global toy retail industry.

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.

Reliance Industries Share Price

2903.00 -15.40 (-0.53%)
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