Reliance Industries rises as its arm gets CCI`s nod for acquisition of Metro Cash & Carry India

Reliance Industries is currently trading at Rs. 2243.00, up by 6.15 points or 0.27% from its previous closing of Rs. 2236.85 on the BSE.

The scrip opened at Rs. 2237.05 and has touched a high and low of Rs. 2246.00 and Rs. 2202.30 respectively. So far 93093 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 2855.00 on 29-Apr-2022 and a 52 week low of Rs. 2,202.30 on 16-Mar-2023.

Last one week high and low of the scrip stood at Rs. 2344.00 and Rs. 2202.30 respectively. The current market cap of the company is Rs. 1492713.60 crore.

The promoters holding in the company stood at 50.49%, while Institutions and Non-Institutions held 38.90% and 10.61% respectively.

Reliance Industries’ subsidiary — Reliance Retail Ventures (RRVL) has received an approval from the Competition Commission of India (CCI) for acquisition of German firm Metro AG's wholesale operations in India i.e. Metro Cash & Carry India.

In December last year, RRVL had signed definitive agreements to acquire a 100 per cent equity stake in the company for a total cash consideration of Rs 2,850 crore.

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.

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