Reliance Industries jumps after its arm picks up majority stake in Abraham & Thakore Exports
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Reliance Industries is currently trading at Rs. 2386.90, up by 27.80 points or 1.18% from its previous closing of Rs. 2359.10 on the BSE.
The scrip opened at Rs. 2349.10 and has touched a high and low of Rs. 2400.45 and Rs. 2331.10 respectively. So far 273491 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. 1877.60 on 22-Apr-2021.
Last one week high and low of the scrip stood at Rs. 2406.05 and Rs. 2242.50 respectively. The current market cap of the company is Rs. 1620929.18 crore.
The promoters holding in the company stood at 50.62%, while Institutions and Non-Institutions held 38.54% and 10.85% respectively.
Reliance Industries’ subsidiary -- Reliance Retail Ventures (RRVL) has acquired majority stake in designer brand Abraham & Thakore Exports. Through this deal, RRVL seeks to leverage its subsidiary Reliance Brands’ (RBL) deep understanding of the affluent Indian customer and their heft across digital, retail operations, marketing, and supply chain platforms, to build brand Abraham & Thakore's global appeal in the fashion and lifestyle category.
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.
