Reliance Industries gains as its arm inks long-term distribution agreement with Maison Valentino
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Reliance Industries is currently trading at Rs. 2501.45, up by 14.05 points or 0.56% from its previous closing of Rs. 2487.40 on the BSE.
The scrip opened at Rs. 2500.00 and has touched a high and low of Rs. 2516.80 and Rs. 2495.00 respectively. So far 106178 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 2855.00 on 29-Apr-2022 and a 52 week low of Rs. 2016.60 on 28-Jul-2021.
Last one week high and low of the scrip stood at Rs. 2545.05 and Rs. 2393.50 respectively. The current market cap of the company is Rs. 1689874.66 crore.
The promoters holding in the company stood at 50.66%, while Institutions and Non-Institutions held 38.63% and 10.71% respectively.
Reliance Brands (RBL), the retail brand licensing arm of Reliance Industries (RIL) has inked a long-term distribution agreement with Maison Valentino to launch the famous Italian Maison de Couture in India. RBL will open the first Valentino boutique in Delhi, followed by a flagship store in Mumbai.
The first store is due to open in 2022 by the end of the summer, with the flagship store in Mumbai to follow in the coming months. The stores will stock a complete range across womenswear, menswear, footwear, and accessories of the brand. The new long-term distribution deal will allow brand presence through a renewed store concept.
The experiential design will provide customers with a global experience and a bespoke client experiential journey.
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.
