Reliance Industries inches up as its arm gets Rs 43,574 crore from Facebook for 9.99% stake sale

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

08 Jul 2020 Evaluate

Reliance Industries is currently trading at Rs. 1830.75, up by 6.80 points or 0.37% from its previous closing of Rs. 1823.95 on the BSE.

The scrip opened at Rs. 1826.00 and has touched a high and low of Rs. 1834.80 and Rs. 1823.85 respectively. So far shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 1870.00 on 07-Jul-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. 1870.00 and Rs. 1734.40 respectively. The current market cap of the company is Rs. 1233360.71 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’ wholly-owned subsidiary -- Jio Platforms has received the subscription amount of Rs 43,574 crore from Jaadhu Holdings, LLC (a wholly-owned subsidiary of Facebook Inc), after receipt of all requisite approvals. Jio Platforms has allotted equity shares to Jaadhu Holdings following which Jaadhu Holdings holds 9.99% of the fully diluted equity share capital of Jio Platforms.

Facebook picked 9.99 percent stake in Jio Platforms at an enterprise value of Rs 4.62 lakh crore. Facebook was the first of 12 marquee investors that have cumulatively invested over Rs 1.17 lakh crore in about the last two and a half months to buy 25.09 percent stake in Jio Platforms.

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

1306.65 -14.75 (-1.12%)

07-Jul-2026 16:59 View Price Chart

Peers

Company Name	CMP
Reliance Industries	1306.65
Indian Oil Corpn.	142.25
Bharat PetroleumCorp	313.85
HPCL	405.75
MRPL	146.50
View more..

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