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Reliance Industries is currently trading at Rs. 2731.25, up by 17.80 points or 0.66% from its previous closing of Rs. 2713.45 on the BSE.

The scrip opened at Rs. 2706.65 and has touched a high and low of Rs. 2736.00 and Rs. 2683.20 respectively. So far 455307 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 3217.90 on 08-Jul-2024 and a 52 week low of Rs. 2221.05 on 26-Oct-2023.

Last one week high and low of the scrip stood at Rs. 2761.70 and Rs. 2676.00 respectively. The current market cap of the company is Rs. 1837125.99 crore.

The promoters holding in the company stood at 50.33%, while Institutions and Non-Institutions held 39.24% and 10.43% respectively.

Reliance Industries’ subsidiary -- Reliance Brands’ wholly-owned subsidiary -- Reliance Brands Holding UK (RBL UK) has entered into the agreement with Mothercare plc, a global specialist in products for parents and young children, to form a new joint venture that will own the Mothercare brand and its intellectual property assets related to the regions of India, Nepal, Sri Lanka, Bhutan, and Bangladesh.

Under the agreement, RBL UK will hold a 51% stake in the joint venture, while Mothercare Global Brand will retain the residual 49% interest. RBL UK will acquire the stake for a cash consideration of 16 million pound. This joint venture will act as the franchisor of the Mothercare brand in the specified South Asian regions, unlocking new growth opportunities while leveraging the strengths of both organizations.

Reliance Brands first acquired the rights to the UK-based Mothercare brand for the Indian market in 2018 and currently operates 87 stores across 25 cities, in addition to a strong presence on e-commerce platforms.

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.