Reliance Industries inches up as its arm acquires majority stake in Ritu Kumar's firm 'Ritika'
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Reliance Industries is currently trading at Rs. 2737.40, up by 5.90 points or 0.22% from its previous closing of Rs. 2731.50 on the BSE.
The scrip opened at Rs. 2740.00 and has touched a high and low of Rs. 2744.10 and Rs. 2715.15 respectively. So far 2668544 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 2750.00 on 19-Oct-2021 and a 52 week low of Rs. 1830.00 on 29-Jan-2021.
Last one week high and low of the scrip stood at Rs. 2750.00 and Rs. 2660.00 respectively. The current market cap of the company is Rs. 1843287.04 crore.
The promoters holding in the company stood at 50.59%, while Institutions and Non-Institutions held 38.38% and 11.03% respectively.
Reliance Industries’ subsidiary -- Reliance Retail Ventures (RRVL) has acquired a 52 per cent stake in veteran couturier Ritu Kumar's firm ‘Ritika’ for an undisclosed amount. RRVL's majority equity acquisition in Ritika included completely acquiring Everstone's 35 per cent stake in the company. Everstone is a global equity firm.
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.
