Reliance Industries stock gains over 8% after Facebook buys 10% stake in telco arm
Share price of Reliance Industries rose up to 103 points or 8.33% to Rs 1339 against previous close of Rs 1,236 on BSE
Reliance Industries share price took the market higher in early trade today after social media giant Facebook Facebook announced buying minority stake in the Mukesh Ambani-owned telco Reliance Jio for $5.7 billion (Rs 43,574 crore). The investment makes Facebook the largest minority shareholder in Jio Platforms Limited.
Share price of Reliance Industries rose up to 103 points or 8.33% to Rs 1339 against previous close of Rs 1,236. On the other hand, Sensex was trading 131 points higher at 30,758. On Nifty too, Reliance Industries share price was the top gainer. The index heavyweight gained over 8% to Rs 1,339 on NSE.
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Source: Business Today/Aseem Thapliyal: April 22, 2020
Reliance Industries share price took the market higher in early trade today after social media giant Facebook Facebook announced buying minority stake in the Mukesh Ambani-owned telco Reliance Jio for $5.7 billion (Rs 43,574 crore). The investment makes Facebook the largest minority shareholder in Jio Platforms Limited.
Share price of Reliance Industries rose up to 103 points or 8.33% to Rs 1339 against previous close of Rs 1,236. On the other hand, Sensex was trading 131 points higher at 30,758. On Nifty too, Reliance Industries share price was the top gainer. The index heavyweight gained over 8% to Rs 1,339 on NSE.
>>> Click Here To Read Entire Article
Source: Business Today/Aseem Thapliyal: April 22, 2020
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