Reliance Industries hits new high; market-cap crosses Rs 10.5-trillion

Shares of Reliance Industries (RIL) strike a new all-time superior of Rs one,684, up two per cent on the BSE on Friday, extending its past day’s two.five per cent gain following the enterprise on Thursday reported it has sold a two.32 per cent stake in its electronic device to Saudi Arabia’s Community Expense Fund (PIF) for Rs eleven,367 crore and has develop into web-credit card debt no cost.

The past two day’s gain has noticed the sector capitalisation (sector-cap) of the compant strike Rs 10.66 trillion on the bourses for the initial time ever.

The investment decision by Saudi sovereign wealth fund is “at an equity benefit of Rs 4.91 trillion and an company benefit of Rs five.sixteen trillion”, the enterprise reported in a assertion in submit-sector several hours on Thursday.

With this investment decision, Jio Platforms has raised Rs a hundred and fifteen,693.ninety five crore from some of the

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