Reliance Industries update on Resolution Plan for Alok Industries
22 - Jun - 2018 12:00 AM | 2 days ago
Reliance Industries announced that the resolution plan submitted by JM Financial Asset Reconstruction Company and RelianceIndustries for the corporate insolvency resolution process of Alok Industries has received the approval of 72. 192% of the voting share of the committee of creditors.
Reliance Industries completes acquisition of majority stake in Embibe
13 - Jun - 2018 12:00 AM | 11 days ago
Reliance Industries has completed the acquisition of majority stake from existing investors of Indiavidual Learning (Embibe), a leading AI-based education platform leveraging data analytics to deliver personalized learning outcomes to each student.
With this transaction, RIL will hold 72.69% (on fully diluted basis) in Embibe. The founder and CEO of Embibe, Aditi Avasthi will continue in her leadership role and will drive the growth of the business.
Reliance Industries Ltd rose for a fifth straight session today
06 - Jun - 2018 12:00 AM | 18 days ago
Reliance Industries Ltd rose for a fifth straight session today. The stock is quoting at Rs 954.8, up 0.75% on the day as on 12:54 IST on the NSE. The benchmark NIFTY is up around 0.61% on the day, quoting at 10657.5. The Sensex is at 35111.67, up 0.6%. Reliance Industries Ltd has dropped around 1.67% in last one month.
Meanwhile, Nifty Energy index of which Reliance Industries Ltd is a constituent, has dropped around 1.85% in last one month and is currently quoting at 13545.35, up 0.45% on the day. The volume in the stock stood at 26.4 lakh shares today, compared to the daily average of 61.54 lakh shares in last one month.
The benchmark June futures contract for the stock is quoting at Rs 950.65, up 0.77% on the day. Reliance Industries Ltd is up 42.61% in last one year as compared to a 10.28% gain in NIFTY and a 15.42% gain in the Nifty Energy index.
The PE of the stock is 17.87 based on TTM earnings ending March 18.
