RELIANCE.BO - Reliance Industries Limited

BSE - BSE Real Time Price. Currency in INR
1,825.75
-25.65 (-1.39%)
As of 12:51PM IST. Market open.
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Previous close1,851.40
Open1,870.00
Bid1,826.25 x 0
Ask1,826.85 x 0
Day's range1,818.50 - 1,870.00
52-week range875.70 - 1,870.00
Volume436,004
Avg. volume951,014
Market cap12.348T
Beta (5Y monthly)1.03
PE ratio (TTM)28.76
EPS (TTM)63.49
Earnings dateN/A
Forward dividend & yield6.50 (0.35%)
Ex-dividend date02-Jul-2020
1y target estN/A
  • Intel to invest $255 million in Reliance's digital unit Jio Platforms
    Reuters

    Intel to invest $255 million in Reliance's digital unit Jio Platforms

    Intel Corp's investment arm will pay some $255 million for a small stake in Reliance Industries Ltd's digital unit Jio Platforms, the latest in a slew of share sales that have helped the Indian conglomerate pay down debt. Reliance has now sold just over a quarter of Jio Platforms, the unit that houses its telecoms venture Jio Infocomm and its music and movie apps, raising $15.8 billion from investors including Facebook Inc and KKR & Co. The deals highlight Jio Platforms' potential to become the dominant player in India's digital economy.

  • Is Reliance really net debt-free? Maybe not
    Yahoo Finance

    Is Reliance really net debt-free? Maybe not

    RIL hit market capitalization of $150 billion, 60th most valued company in the world.

  • Nifty, Sensex snap winning streak on profit-booking in banks
    Reuters

    Nifty, Sensex snap winning streak on profit-booking in banks

    Indian shares snapped four straight sessions of gains on Wednesday, as investors booked profits in banking stocks amid fears of a rise in loan defaults due to the COVID-19 pandemic. The markets opened higher but reversed their course around midday as the focus turned to record levels of coronavirus infections in several U.S. states, spurring concerns about the pace of a nascent economic recovery. It has risen 11% so far this month, driven by strong March-quarter earnings and a flood of liquidity from global investors.

  • Reliance is 'net-debt free', on road to IPO for digital, retail units
    Reuters

    Reliance is 'net-debt free', on road to IPO for digital, retail units

    India's Reliance Industries Ltd said on Friday it has become net-debt free after raising 1.69 trillion rupees ($22.2 billion) via stake sales in its digital unit and a share sale over the past two months. It has since sold 24.7% of Jio Platforms to global investors including General Atlantic, KKR, Saudi sovereign wealth fund and Abu Dhabi state fund, raising a total of $15.22 billion. Strong investor interest in Reliance's consumer businesses, Jio Platforms and Reliance Retail, will help the two units move toward a public listing in the next five years, company chairman and billionaire tycoon Mukesh Ambani said in a statement.

  • Reliance says Saudi's PIF to invest $1.49 billion in Jio
    Reuters

    Reliance says Saudi's PIF to invest $1.49 billion in Jio

    Saudi Arabia's Public Investment Fund (PIF) will buy a 2.32% stake in Reliance Industries' digital unit Jio Platforms for 113.67 billion rupees ($1.49 billion), the Indian conglomerate said on Thursday. The deal with the Saudi sovereign wealth fund means Reliance has now sold 24.7% of Jio Platforms and raised just over $15 billion from investors including Facebook. The investment gives Jio Platforms -- which comprises telecoms venture Jio Infocomm and music, movie apps -- an enterprise value of 5.16 trillion rupees, Reliance said in a statement.

  • Exclusive: Netflix in talks to source Indian content from Reliance affiliate Viacom18 - sources
    Reuters

    Exclusive: Netflix in talks to source Indian content from Reliance affiliate Viacom18 - sources

    U.S. video streaming company Netflix <NFLX.O> is in talks with Viacom18, part of the Indian conglomerate Reliance Industries' media unit Network18, about a multi-year partnership to source content, three sources told Reuters, in a move that would expand a relationship between the two sides. Under the partnership, Network18 affiliates - which include its joint venture with ViacomCBS <VIACA.O>, Viacom18 - would create shows for Netflix to help the U.S. firm expand offerings in India, where it competes against the video streaming services of Amazon.com Inc <AMZN.O> and Walt Disney Co <DIS.N>. A Netflix spokesman in India denied the company was in talks with Network18 or Viacom18, but did not elaborate.

  • Indian stocks fall 1% as banks, Reliance drag
    Reuters

    Indian stocks fall 1% as banks, Reliance drag

    Indian shares closed lower on Tuesday, ending a 13% surge over the last nine sessions, as banks and heavyweight Reliance Industries weighed, with a broader rally on hopes of a quicker global economic recovery coming to a halt. The Nifty Pharma Index was the best performer for the day, closing 1.8% higher.

  • Sensex, Nifty end higher on technology gains
    Reuters

    Sensex, Nifty end higher on technology gains

    Since May 25, the NSE Nifty 50 index and S&P BSE Sensex have surged more than 11% each on hopes of Asia's third largest economy relaxing its months-long lockdown. Gains in technology shares helped the Nifty end 0.25% higher at 10,167.45, while the Sensex gained 0.24% at 34,370.58.

  • Reliance says Abu Dhabi Investment Authority invests $752 million in digital unit
    Reuters

    Reliance says Abu Dhabi Investment Authority invests $752 million in digital unit

    Indian oil-to-telecoms conglomerate Reliance Industries said on Sunday that the Abu Dhabi Investment Authority (ADIA) will buy 1.16% of its digital unit Jio Platforms for 56.83 billion rupees ($752 million). ADIA's investment in Jio Platforms, which comprises Reliance's telecoms arm Jio Infocomm and its music and video streaming apps, gives the unit an enterprise value of 5.16 trillion rupees, Reliance said in a regulatory filing. Reliance, controlled by India's richest man Mukesh Ambani, has now sold just over 21% of Jio Platforms to investors including Facebook Inc, securing nearly $13 billion in less than seven weeks.

  • Don't miss the top 12 finance stories of the day
    Yahoo Finance

    Don't miss the top 12 finance stories of the day

    India's forex reserves surge to all-time high of $ 493.48 billion, says RBI.

  • Sensex, Nifty end higher as financials gain; SBI surges 8%
    Reuters

    Sensex, Nifty end higher as financials gain; SBI surges 8%

    Indian shares closed higher on Friday, led by gains in financials, with the State Bank of India surging 8% after reporting a more than four-fold jump in its profit for the March quarter. The Nifty ended 1.13% higher at 10,142.15, while the Sensex closed at 34,287.24, a gain of 0.90%. For the week, the Nifty 50 rose 5.9% and the BSE Sensex 5.75%, with both the indexes recording their second straight weekly gain.

  • Reliance Industries closes $7 billion rights issue, India's largest ever
    Reuters

    Reliance Industries closes $7 billion rights issue, India's largest ever

    India's oil-to-telecoms giant Reliance Industries on Wednesday closed a $7 billion rights issue, India's largest ever, luring buyers in with a rare deferred payment offer. Proceeds from the issue, also ranked as one of the world's biggest by a non-financial company based on Dealogic data, will aid Reliance's plan to slash net debt to zero this year. The issue was subscribed about 1.6 times, in "a vote of confidence, by both domestic investors, foreign investors and small retail shareholders, in the intrinsic strength of the Indian economy", billionaire owner Mukesh Ambani said a statement late on Wednesday.

  • Amid pandemic, investors bet on India's Jio and its giant-killer playbook
    Reuters

    Amid pandemic, investors bet on India's Jio and its giant-killer playbook

    From its Silicon Valley-like campus near Mumbai, Indian billionaire Mukesh Ambani's Jio telecom carrier is emerging as a winner from changes in the way Indian consumers plug into a digital economy made more urgent by the coronavirus pandemic. For Indian shoppers who prefer to order online, it is launching a grocery ordering service with Facebook Inc's <FB.O> popular WhatsApp messaging. India's 10-week lockdown has also led to a surge in demand for data, boosting Jio's phone and broadband offerings.

  • Abu Dhabi's Mubadala in talks on $1 billion stake in Reliance's Jio Platforms - sources
    Reuters

    Abu Dhabi's Mubadala in talks on $1 billion stake in Reliance's Jio Platforms - sources

    Abu Dhabi state fund Mubadala is in talks with Reliance Industries about investing around $1 in the Indian conglomerate's Jio platforms, three sources told Reuters. Twitter is separately also in talks with Mumbai-based Reliance to invest more than $1 billion in the digital start-up, which houses music and movie apps as well its telecoms venture Jio Infocomm, another source added on Thursday. "Clearly Jio's platform is attracting a wide range of world-class investors, given its enormous potential to serve one of the world's largest marketplaces," Mubadala said in an email, without confirming whether or not talks were taking place.

  • India's Reliance launches JioMart online grocery service, challenging Amazon, Flipkart
    Reuters

    India's Reliance launches JioMart online grocery service, challenging Amazon, Flipkart

    Reliance Industries Ltd <RELI.NS> has launched an online grocery service, JioMart, the head of its grocery retail business said, in a move aimed at rivalling Amazon.com's <AMZN.O> local unit and Walmart Inc's <WMT.N> Flipkart in the huge Indian market. JioMart will deliver groceries in more than 200 towns across the country, Damodar Mall, chief executive of grocery retail at the Indian conglomerate, said on Twitter late on Saturday. Mumbai-headquartered Reliance has not announced JioMart's launch at a time it is selling $7 billion (5.75 billion pounds) in new shares.

  • Reliance launches JioMart online grocery service, challenging Amazon, Flipkart
    Reuters

    Reliance launches JioMart online grocery service, challenging Amazon, Flipkart

    Reliance Industries Ltd has launched an online grocery service, JioMart, the head of its grocery retail business said, in a move aimed at rivalling Amazon.com's local unit and Walmart Inc's Flipkart in the huge Indian market. JioMart will deliver groceries in more than 200 towns across the country, Damodar Mall, chief executive of grocery retail at the Indian conglomerate, said on Twitter late on Saturday. Mumbai-headquartered Reliance has not announced JioMart's launch at a time it is selling $7 billion in new shares.

  • Factbox: Fundraising spree for Reliance's Jio Platforms values it at $65 billion
    Reuters

    Factbox: Fundraising spree for Reliance's Jio Platforms values it at $65 billion

    - Reliance Industries, controlled by Asia's richest man Mukesh Ambani, was worth about $129 billion as of Thursday's close. Jio Platforms' valuation puts it just ahead of the combined value of the conglomerate's oil, gas and other businesses. Facebook Inc led with a $5.7 billion purchase of a 9.99% stake.

  • KKR to invest $1.5 billion in Reliance Industries' digital unit, its biggest deal in Asia
    Reuters

    KKR to invest $1.5 billion in Reliance Industries' digital unit, its biggest deal in Asia

    KKR & Co Inc will invest $1.5 billion in Reliance Industries' Jio Platforms, its biggest investment in Asia to date and bringing the amount of new funds raised by the Indian digital company this month to a massive $10 billion. Jio Platforms, which houses movie, music apps and telecoms venture Jio Infocomm, has now sold a combined stake of just over 17% in five fundraising deals led by Facebook Inc which spent $5.7 billion to take 9.99%. The deals highlight Jio Platforms' potential to become the dominant player in India's digital economy.

  • Sensex, Nifty end higher on Bharti Airtel boost; banks fall
    Reuters

    Sensex, Nifty end higher on Bharti Airtel boost; banks fall

    Indian shares ended higher on Tuesday after three days of losses, spurred by a surge in Bharti Airtel and optimism around a potential coronavirus vaccine, but a late slide in banking stocks and Reliance Industries capped gains. The NSE Nifty 50 index had risen over 2% on Tuesday, but ended just 0.63% higher at 8,879.10, while the S&P BSE Sensex closed up 0.56% at 30,196.17. The indexes, down about 27% this year, have seen sharp falls in the last three sessions as India's economic relief measures disappointed markets.

  • Reliance in $870 million General Atlantic deal as Jio Platforms funding tops $8 billion
    Reuters

    Reliance in $870 million General Atlantic deal as Jio Platforms funding tops $8 billion

    Reliance Industries on Sunday announced U.S. fund General Atlantic will invest 65.98 billion rupees ($870 million) in Jio Platforms, a fourth deal that takes investment in its digital unit to over $8 billion in less than a month. General Atlantic will pick up a 1.34% stake in Jio Platforms which includes movie, music apps as wells telecoms venture Jio Infocomm. The deal puts Jio Platform's equity value at 4.91 trillion rupees and gives it an enterprise value of 5.16 trillion, Reliance said in a statement.

  • Sensex, Nifty erase gains as ICICI leads banks lower
    Reuters

    Sensex, Nifty erase gains as ICICI leads banks lower

    The NSE Nifty 50 index ended 0.13% lower at 9,239.20, while the S&P BSE Sensex closed down 0.26% at 31,561.22. European shares and other Asian stocks climbed as investors clung to signs that more countries were restarting their economies and looked past reports of a pick-up in new coronavirus cases. Coronavirus cases in the country crossed 67,000 on Monday.

  • Saudi, U.S. firms eye stakes in Reliance's Jio - Bloomberg
    Reuters

    Saudi, U.S. firms eye stakes in Reliance's Jio - Bloomberg

    U.S. private equity firm General Atlantic is considering investing about $850 million to $950 million in the Mumbai-based company, a Bloomberg report said, citing people with knowledge of the matter. Saudi Arabia's Public Investment Fund (PIF) is also considering to buy a minority stake in Jio, Bloomberg said in a separate report.

  • Indian shares follow Asian peers higher, Reliance jumps on new deal
    Reuters

    Indian shares follow Asian peers higher, Reliance jumps on new deal

    Indian shares jumped on Friday, tracking a surge in Asian equities, as Reliance Industries gained on yet another stake sale, while investors also awaited economic stimulus for small businesses battered by the coronavirus outbreak. BofA economists on Friday predicted the government may unveil fiscal stimulus amounting to 0.3% of the country's gross domestic product, focusing on small- and medium-sized businesses, real estate firms and banks. India's blue-chip NSE Nifty 50 has switched between gains and losses in the last four sessions, and analysts predict the index will trade in a tight range until new developments surrounding the COVID-19 pandemic.

  • India's Reliance strikes third unit stake deal, raising $8 billion in two weeks
    Reuters

    India's Reliance strikes third unit stake deal, raising $8 billion in two weeks

    India's Reliance Industries Ltd <RELI.NS> on Friday announced a $1.5 billion stake sale in digital unit Jio Platforms, a third deal in a little over two weeks that will inject a combined $8 billion in the telecoms-to-energy group to help it pare debt. Private equity firm Vista Equity Partners is buying a 2.3% stake in Jio Platforms, the unit that houses Reliance's telecoms venture Jio Infocomm, for 113.67 billion rupees ($1.5 billion), Mumbai-headquartered Reliance said in a statement. The investment gives Jio Platforms an equity value of 4.91 trillion rupees and an enterprise value of 5.16 trillion rupees, said Reliance, which is controlled by billionaire tycoon Mukesh Ambani.

  • Reliance strikes third unit stake deal, raising $8 billion in 2 weeks
    Reuters

    Reliance strikes third unit stake deal, raising $8 billion in 2 weeks

    India's Reliance Industries Ltd <RELI.NS> on Friday announced a $1.5 billion stake sale in digital unit Jio Platforms, a third deal in a little over two weeks that will inject a combined $8 billion in the telecoms-to-energy group to help it pare debt. Private equity firm Vista Equity Partners is buying a 2.3% stake in Jio Platforms, the unit that houses Reliance's telecoms venture Jio Infocomm, for 113.67 billion rupees ($1.5 billion), Mumbai-headquartered Reliance said in a statement. The investment gives Jio Platforms an equity value of 4.91 trillion rupees and an enterprise value of 5.16 trillion rupees, said Reliance, which is controlled by billionaire tycoon Mukesh Ambani.