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Reliance Industries zooms on becoming net debt free company via fundraising

19 Jun 2020 Evaluate

Reliance Industries is currently trading at Rs. 1732.50, up by 76.25 points or 4.60% from its previous closing of Rs. 1656.25 on the BSE.

The scrip opened at Rs. 1674.70 and has touched a high and low of Rs. 1738.95 and Rs. 1660.60 respectively. So far 2077043 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 1,738.95 on 19-Jun-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. 1738.95 and Rs. 1561.55 respectively. The current market cap of the company is Rs. 1169155.04 crore.

The promoters holding in the company stood at 50.07%, while Institutions and Non-Institutions held 38.06% and 11.87% respectively.

Reliance Industries has become net debt-free after raising a record Rs 1.69 lakh crore from global investors and a rights issue in under two months. The company has raised Rs 1.15 lakh crore from global tech investors by selling a little less than a quarter of the firm's digital arm, Jio Platforms, and another Rs 53,124.20 crore through a rights issue.

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 1275.00
Indian Oil Corpn. 135.30
Bharat PetroleumCorp 303.00
HPCL 354.00
MRPL 181.35
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