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Reliance Industries soars on the BSE

Reliance Industries is currently trading at Rs. 1265.25, up by 13.25 points or 1.06% from its previous closing of Rs. 1252.00 on the BSE.

The scrip opened at Rs. 1257.00 and has touched a high and low of Rs. 1264.00 and Rs. 1247.00 respectively. So far 128815 shares were traded on the counter.

The BSE group ‘A’ stock of face value Rs. 10 has touched a 52 week high of Rs. 1417.00 on 03-May-2019 and a 52 week low of Rs. 949.70 on 29-Jun-2018.

Last one week high and low of the scrip stood at Rs. 1304.50 and Rs. 1247.00 respectively. The current market cap of the company is Rs. 793647.61 crore.

The promoters holding in the company stood at 47.27%, while Institutions and Non-Institutions held 36.43% and 16.29% respectively.

Mitsui OSK Lines (MOL) has completed acquisition of strategic stake in six group companies (each owning a Very Large Ethane Carrier) of Reliance Industries (RIL).

The company’s wholly owned subsidiary — Reliance Ethane Holding (REHPL), in Singapore having 100% holding in six limited liability companies (LLCs) which own Very Large Ethane Carriers (VLEC), MOL of Japan and a strategic minority investor had signed binding definitive agreements for a strategic investment by MOL and minority investor in the six special purpose limited liability companies (SPVs), each owning a VLEC.

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.

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