Reliance Industries soars on acquiring 37.7% stake in Alok Industries

Reliance Industries Ltd. | Refineries | Oil & Gas | BSE: 500325 | NSE: RELIANCE

02 Mar 2020 Evaluate

Reliance Industries is currently trading at Rs. 1351.10, up by 22.45 points or 1.69% from its previous closing of Rs. 1328.65 on the BSE.

The scrip opened at Rs. 1358.40 and has touched a high and low of Rs. 1368.75 and Rs. 1349.45 respectively. So far 100885 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 1617.80 on 20-Dec-2019 and a 52 week low of Rs. 1095.65 on 08-Aug-2019.

Last one week high and low of the scrip stood at Rs. 1477.00 and Rs. 1325.00 respectively. The current market cap of the company is Rs. 864929.66 crore.

The promoters holding in the company stood at 50.03%, while Institutions and Non-Institutions held 38.48% and 11.49% respectively.

Reliance Industries (RIL) has acquired 37.7% stake in Alok Industries for Rs 250 crore. Alok Industries has allotted 83,33,33,333 equity shares of Rs 1 each at a premium of Rs 2 per equity share for cash at total consideration of Rs 250 crore to the company. Alok Industries has also allotted 250,00,00,000, 9% Optionally Convertible Preference Shares (OCPS) of Rs 1 each for cash at par, for a total consideration of Rs 250 crore to RIL.

In March 2019, Reliance and JM Financial Asset Reconstruction had jointly submitted bid for acquiring Alok Industries that was auctioned under the insolvency and bankruptcy law by lenders to recover their unpaid loans.

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

1435.70 0.00 (0.00%)

08-May-2026 16:59 View Price Chart

Peers

Company Name	CMP
Reliance Industries	1435.70
Indian Oil Corp.	144.70
BPCL	302.85
HPCL	387.00
MRPL	167.90
View more..

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