Reliance Industries gains on incorporating wholly owned subsidiary in Singapore
Reliance Industries is currently trading at Rs. 1222.10, up by 6.40 points or 0.53% from its previous closing of Rs. 1215.70 on the BSE.
The scrip opened at Rs. 1218.95 and has touched a high and low of Rs. 1222.85 and Rs. 1217.00 respectively. So far 6785 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. 1287.35 and Rs. 1193.65 respectively. The current market cap of the company is Rs. 1645130.57 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 incorporated a wholly owned subsidiary, named REC Sustainable Energy Solutions (REC SES) on February 12, 2025 in Singapore, to set up a global capability centre for consolidating research and development (R&D) activities, facilitating the recruitment of global talent, and providing technical and procurement services to support the company’s new energy initiatives. The company will invest an amount of $100,000 towards initial subscription of 100,000 shares of $1 each.
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.
