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RIL invests Rs 1 lakh to acquire stake in Jio Platforms

28 Nov 2019 Evaluate

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.

Peers
Company Name CMP
Reliance Industries 1177.30
Indian Oil Corpn. 126.05
Bharat PetroleumCorp 286.70
HPCL 328.20
MRPL 174.70
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