Reliance Industries moves up as Public Investment Fund planning to invest Rs 9,555 crore in company

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

06 Nov 2020 Evaluate

Reliance Industries is currently trading at Rs. 1996.60, up by 41.50 points or 2.12% from its previous closing of Rs. 1955.10 on the BSE.

The scrip opened at Rs. 1988.00 and has touched a high and low of Rs. 2013.75 and Rs. 1977.65 respectively. So far 586805 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 2368.80 on 16-Sep-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. 2033.50 and Rs. 1835.00 respectively. The current market cap of the company is Rs. 1357817.15 crore.

The promoters holding in the company stood at 50.49%, while Institutions and Non-Institutions held 38.58% and 10.93% respectively.

The Public Investment Fund (PIF) is planning to invest Rs 9,555 crore (approximately $1.3 billion) for an equity stake of 2.04% into Reliance Retail Ventures (RRVL), a subsidiary of Reliance Industries. This investment values RRVL at a pre-money equity value of Rs 4.587 lakh crore (approximately $62.4 billion).

This investment will further strengthen PIF’s presence in India’s dynamic economy and promising retail market segment. The investment in RRVL follows PIF’s earlier acquisition of a 2.32% stake in Jio Platforms, the digital services subsidiary of Reliance Industries.

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

1301.20 -3.00 (-0.23%)

05-Jun-2026 09:35 View Price Chart

Peers

Company Name	CMP
Reliance Industries	1301.20
Indian Oil Corp.	138.25
BPCL	293.60
HPCL	386.65
MRPL	154.85
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