Reliance Industries rises as its arm inks long-term franchise agreement with Gap
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Reliance Industries is currently trading at Rs. 2392.40, up by 4.75 points or 0.20% from its previous closing of Rs. 2387.65 on the BSE.
The scrip opened at Rs. 2414.90 and has touched a high and low of Rs. 2415.85 and Rs. 2383.50 respectively. So far 184836 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. 2591.65 and Rs. 2365.00 respectively. The current market cap of the company is Rs. 1619778.97 crore.
The promoters holding in the company stood at 50.66%, while Institutions and Non-Institutions held 38.63% and 10.71% respectively.
Reliance Industries’ subsidiary -- Reliance Retail has entered into long-term franchise agreement with Gap. Through this collaboration Reliance Retail has become the official retailer for Gap across all channels in India. Reliance Retail will introduce Gap's offerings to Indian consumers through a mix of exclusive brand stores, multi-brand store expressions and digital commerce platforms.
Founded in San Francisco in 1969, Gap is considered as an authority on modern American style. It continues to build on its heritage grounded in denim and connect with customers online and in company-operated and franchise retail locations globally.
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.
