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Reliance Industries gains as its arm acquires 21% stake in WHI

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

29 Nov 2024 Evaluate

Reliance Industries is currently trading at Rs. 1290.05, up by 18.70 points or 1.47% from its previous closing of Rs. 1271.35 on the BSE.

The scrip opened at Rs. 1280.00 and has touched a high and low of Rs. 1290.70 and Rs. 1274.75 respectively. So far 246120 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 1608.95 on 08-Jul-2024 and a 52 week low of Rs. 1185.63 on 30-Nov-2023.

Last one week high and low of the scrip stood at Rs. 1304.35 and Rs. 1269.25 respectively. The current market cap of the company is Rs. 1733023.34 crore.

The promoters holding in the company stood at 50.24%, while Institutions and Non-Institutions held 39.05% and 10.71% respectively.

Reliance Industries’ step-down wholly owned subsidiary -- Reliance Finance and Investments USA LLC (RFIUL) has entered into a Stock Purchase Agreement with Wavetech Helium, Inc. (WHI) and subscribed to 21% stake of WHI for an aggregate consideration of $12 million.

WHI was incorporated on July 2, 2021 in United States and started its commercial operations in CY 2024. WHI is a U.S. helium gas exploration and production company engaged in the acquisition, exploration, and development of properties to produce helium gas from underground reservoirs.

Helium is used in medical applications, scientific research, aerospace and aeronautics, electronics, fibre optics etc. Further, given the growth expected in AI & Datacentres, helium demand for semiconductor manufacturing is expected to increase. The acquisition is part of the Company’s strategy to expand its exploration and production business in low carbon solutions.

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

1365.10 21.65 (1.61%)

17-Apr-2026 16:59 View Price Chart

Peers

Company Name	CMP
Reliance Industries	1365.10
Indian Oil Corp.	145.85
BPCL	312.05
HPCL	370.95
MRPL	183.20
View more..

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Reliance Industries gains as its arm acquires 21% stake in WHI

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