Reliance Industries Ltd.

BSE: 500325 | NSE: RELIANCE
Large Cap | Refineries
1346.00
-49.90 (-3.57%)
< Home < Back

Reliance Industries strengthens on concluding 76% stake sale in Gapco

Date: 30-03-2017

Reliance Industries is currently trading at Rs. 1263.30, up by 8.60 points or 0.69% from its previous closing of Rs. 1254.70 on the BSE.

The scrip opened at Rs. 1255.00 and has touched a high and low of Rs. 1267.40 and Rs. 1254.05 respectively. So far 65,000 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 1326.75 on 07-Mar-2017 and a 52 week low of Rs. 925.70 on 23-May-2016.

Last one week high and low of the scrip stood at Rs. 1291.65 and Rs. 1234.10 respectively. The current market cap of the company is Rs. 4,10,571.00 crore.

The promoters holding in the company stood at 46.48%, while Institutions and Non-Institutions held 34.50% and 19.02% respectively.

Reliance Industries (RIL) has completed the sale of its entire 76% stake in African fuel retailer Gulf Africa Petroleum Corp (Gapco) to Total SA of France for an undisclosed sum. Reliance Exploration & Production DMCC (REPDMCC), an indirect wholly owned subsidiary of RIL, TOTAL and GAPCO have obtained requisite regulatory approvals, consents and successfully completed the sale transaction. GAPCO is a holding company with operating subsidiaries in Tanzania, Kenya and Uganda, which are primarily engaged in petroleum product import, and trading, storage, distribution, marketing, supply and transportation of oil products in East Africa.

RIL is an India-based private sector company, with business in energy and materials value chain and in retail and digital services. The company operates in four segments: refining, petrochemicals, oil & gas and organized retail. The refining segment includes production and marketing operations of the petroleum products.