Reliance Industries inches up on acquiring 74% stake in Navi Mumbai IIA
Reliance Industries is currently trading at Rs. 1274.00, up by 0.65 points or 0.05% from its previous closing of Rs. 1273.35 on the BSE.
The scrip opened at Rs. 1275.00 and has touched a high and low of Rs. 1281.60 and Rs. 1271.05 respectively. So far 221547 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. 1217.70 on 21-Nov-2024.
Last one week high and low of the scrip stood at Rs. 1315.45 and Rs. 1240.00 respectively. The current market cap of the company is Rs. 1724903.91 crore.
The promoters holding in the company stood at 50.24%, while Institutions and Non-Institutions held 39.05% and 10.71% respectively.
Reliance Industries has acquired 57,12,39,588 equity shares representing 74% of Navi Mumbai IIA (NMIIA) at a price of Rs 28.50 per equity share aggregating Rs 1628.03 crore. City and Industrial Development Corporation of Maharashtra (CIDCO) holds the balance 26% equity shares in NMIIA. With this acquisition, NMIIA has become subsidiary of the Company.
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.
