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Reliance Industries, L&T and Godrej Consumer Products to see some action today

07 Oct 2020 Evaluate

Abu Dhabi Investment Authority (ADIA) is planning to invest Rs 5,512.50 crore into Reliance Retail Ventures (RRVL), a subsidiary of Reliance Industries (RIL). This investment values RRVL at a pre-money equity value of Rs 4.285 lakh crore. ADIA’s investment will translate into a 1.20% equity stake in RRVL on a fully diluted basis. With this investment, RRVL has raised Rs 37,710 crore from leading global investors including Silver Lake, KKR, General Atlantic, Mubadala, GIC, TPG and ADIA in less than four weeks.

Larsen & Toubro (L&T) has launched the seventh and final offshore vessel for the Indian Coast Guard at its defence shipyard at Kattupalli. The vessel is the last in the series of seven offshore patrol vessels (OPVs) contracted to L&T by the defence ministry in March 2015. OPVs are long-range surface ships, capable of operation in maritime zones of India, including island territories with helicopter operation capabilities.

Godrej Consumer Products is expecting to deliver close to low double-digit sales growth in India in July-September quarter of the current fiscal. Demand trends in the categories the company operates in remained stable and improved sequentially across key geographies. In Indonesia, the company expects to deliver low single-digit year on year constant currency sales growth in the quarter, led by household insecticides and hygiene categories.

Axis Bank and Vistara have launched a co-branded forex card that can load up to 16 currencies. The card has locked-in exchange rates and the card holder will accrue 3 award points on Club Vistara for every $5 or an equivalent value spent. Club Vistara (CV) is the airline's frequent flyer program. Customers also get awarded 500 CV Points as a Welcome Bonus on signing up (for the forex card).

Blue Dart Express is planning to offer a complete supply chain solution for the life sciences and clinical trials sector and reefer vehicles (cold chain) services, to ensure seamless transport of shipments like vaccines. The firm, which is a part of the Deutsche Post DHL Group (DPDHL), has capability to handle various temperature requirements. 

Toll Logistics has chosen Ramco Systems’ Logistics ERP to transform the complete supply chain operations of its Chemicals business division in Australia and New Zealand. In addition, Ramco Logistics will also be rolled out as a unified out-of-the-box ERP across its new businesses in Asia.  

Indian Energy Exchange (IEX) has received an approval for the further investment of Rs 6.25 crore in Indian Gas Exchange (IGX), wholly owned subsidiary of the Company, by way of subscription to equity shares through Rights Issue. The Board of Directors in their meeting held on October 05, 2020, has considered and approved the same. 

Reliance Industries Share Price

1321.40 17.15 (1.31%)
06-Jul-2026 16:59 View Price Chart
Peers
Company Name CMP
Reliance Industries 1321.40
Indian Oil Corpn. 141.85
Bharat PetroleumCorp 308.05
HPCL 400.50
MRPL 150.65
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