Reliance Industries Ltd.

BSE: 500325 | NSE: RELIANCE
Large Cap | Refineries
1390.15
44.15 (3.28%)
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Reliance Industries gains with RRL investing in KaiOS Technologies

Date: 12-03-2018

Reliance Industries is currently trading at Rs. 919.50, up by 7.45 points or 0.82% from its previous closing of Rs. 912.05 on the BSE.

The scrip opened at Rs. 918.90 and has touched a high and low of Rs. 922.95 and Rs. 916.20 respectively. So far 55191 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 990.00 on 23-Jan-2018 and a 52 week low of Rs. 617.05 on 29-Mar-2017.

Last one week high and low of the scrip stood at Rs. 949.90 and Rs. 888.30 respectively. The current market cap of the company is Rs. 582787.89 crore.

The promoters holding in the company stood at 47.48%, while Institutions and Non-Institutions held 35.77% and 16.75% respectively

Reliance Industries’ (RIL) one of arms - Reliance Retail (RRL) has subscribed to 19,04,781 common shares of KaiOS Technologies Inc (KTI) at $3.675 per share, for cash aggregating to $7 million, translating to 16% equity stake of KTI on a fully diluted basis. RRL is subsidiary of Reliance Retail Ventures which is in turn a subsidiary of RIL.

KTI is an emerging mobile operating system technology provider incorporated in the State of Delaware, USA on April 24, 2014. KTI’s flagship product ‘KaiOS’ originates from the Firefox open-source project.

RIL 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.