Reliance Industries moves up after its arm acquires entire share capital of Stoke Park
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Reliance Industries is currently trading at Rs. 1913.00, up by 6.95 points or 0.36% from its previous closing of Rs. 1906.05 on the BSE.
The scrip opened at Rs. 1903.00 and has touched a high and low of Rs. 1919.00 and Rs. 1900.05 respectively. So far 113575 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 2368.80 on 16-Sep-2020 and a 52 week low of Rs. 1,335.87 on 24-Apr-2020.
Last one week high and low of the scrip stood at Rs. 1919.90 and Rs. 1877.60 respectively. The current market cap of the company is Rs. 1290845.13 crore.
The promoters holding in the company stood at 50.54%, while Institutions and Non-Institutions held 38.28% and 11.19% respectively.
Reliance Industries’ wholly owned subsidiary -- Reliance Industrial Investments and Holdings has acquired the entire issued share capital of Stoke Park, a company incorporated in the United Kingdom, for euro 57 million. Stoke Park owns and manages sporting and leisure facilities in Stoke Poges, Buckinghamshire, UK. The facilities include a hotel, conference facilities, sports facilities and one of the highest rated golf courses in Europe. The company will look to enhance the sports and leisure facilities at this heritage site, while fully complying with the planning guidelines and local regulations.
This acquisition will add to the consumer and hospitality footprint of the group. The group already has investments in EIH (Oberoi Hotels) and is developing state-of-the-art convention centre, hotel and managed residences in BKC Mumbai.
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.
