Reliance Industries surges as its arm acquires 96% stake in UrbanLadder

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

17 Nov 2020 Evaluate

Reliance Industries is currently trading at Rs. 2037.75, up by 35.95 points or 1.55% from its previous closing of Rs. 2001.80 on the BSE.

The scrip opened at Rs. 2084.00 and has touched a high and low of Rs. 2084.00 and Rs. 2031.35 respectively.

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. 2095.35 and Rs. 1965.00 respectively. The current market cap of the company is Rs. 1353624.69 crore.

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

Reliance Industries’ subsidiary company -- Reliance Retail Ventures (RRVL) has acquired equity shares of Urban Ladder Home Decor Solutions (UrbanLadder) for a cash consideration of Rs 182.12 crore. The said investment represents 96% holding in the equity share capital of UrbanLadder.

RRVL has a further option of acquiring the balance stake, taking its shareholding to 100% of the equity share capital of UrbanLadder. RRVL proposes to make a further investment of up to Rs 75 crore. The further investment is expected to be completed by December 2023. The aforesaid investment will further enable the group’s digital and new commerce initiatives and widen the bouquet of consumer products provided by the group, while enhancing user engagement and experience across its retail offerings.

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

1292.75 30.15 (2.39%)

12-Jun-2026 16:59 View Price Chart

Peers

Company Name	CMP
Reliance Industries	1292.75
Indian Oil Corp.	140.95
BPCL	302.20
HPCL	388.75
MRPL	160.95
View more..

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