Reliance Industries gains on acquiring 100% equity stake of LPTL
Reliance Industries is currently trading at Rs. 1220.85, up by 3.90 points or 0.32% from its previous closing of Rs. 1216.95 on the BSE.
The scrip opened at Rs. 1215.75 and has touched a high and low of Rs. 1221.60 and Rs. 1205.15 respectively. So far 75830 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 1608.95 on 08-Jul-2024 and a 52 week low of Rs. 1193.65 on 12-Feb-2025.
Last one week high and low of the scrip stood at Rs. 1266.00 and Rs. 1193.65 respectively. The current market cap of the company is Rs. 1651626.11 crore.
The promoters holding in the company stood at 50.13%, while Institutions and Non-Institutions held 38.31% and 11.55% respectively.
Reliance Industries has acquired 100% equity stake of Lakadia B Power Transmission (LPTL) for an aggregate consideration of Rs 6.73 crore. With this acquisition, LPTL has become a wholly owned subsidiary of the company.
Earlier, the company’s board had approved the acquisition of 100% equity stake of Lakadia B Power Transmission from REC Power Development and Consultancy in accordance with the terms of the tender awarded to the company for establishment of Transmission System for Augmentation of transformation capacity at 765/400kV Lakadia Substation for an aggregate consideration not exceeding Rs 8 crore.
Reliance Industries (RIL) is India’s largest private sector company. The company’s activities span hydrocarbon exploration and production, petroleum refining and marketing, petrochemicals, advanced materials and composites, renewables (solar and hydrogen), retail and digital services.
