Reliance Industries Ltd.

Reliance Industries is currently trading at Rs. 994.95, up by 11.55 points or 1.17% from its previous closing of Rs. 983.40 on the BSE.

The scrip opened at Rs. 984.35 and has touched a high and low of Rs. 999.50 and Rs. 984.35 respectively. So far 112453 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 1010.70 on 27-Apr-2018 and a 52 week low of Rs. 654.50 on 13-Jun-2017.

Last one week high and low of the scrip stood at Rs. 999.50 and Rs. 932.00 respectively. The current market cap of the company is Rs. 630261.54 crore.

The promoters holding in the company stood at 47.45%, while Institutions and Non-Institutions held 35.84% and 16.72% respectively.

Reliance Industries’ (RIL’s) wholly owned subsidiary -- Reliance Brands has purchased 100% stake in Rhea Retail (Rhea) for all cash consideration of Rs 203,46,00,000. Rhea is in the business of selling of products in India for expectant mothers and in general merchandise for children.

Rhea being in the retailing industry as Reliance Brands, the acquisition would result in significant synergies. No regulatory approvals were required for the acquisition.

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.