Stocks

Reliance Industries share price up 0.99 per cent

Our Bureau Mumbai | Updated on May 22, 2020 Published on May 22, 2020

Share price of Asia’s richest man Mukesh Ambani-led Reliance Industries Ltd opened up 0.99 per cent on Friday, after its subsidiary Jio Platforms raised Rs 11,367 crore from global investment firm KKR.

This is its fifth fund raising in a month. The transaction values Jio Platforms at an equity value of Rs 4.91-lakh crore and an enterprise value of Rs 5.16-lakh crore.

READ THE STORY: Jio Platforms raises Rs 11,367 crore from KKR

Over the last one month, Jio Platforms has raised a total of Rs 78,562 crore from investors such as Facebook, Silver Lake, Vista, General Atlantic and KKR.

At 9.18 am, RIL shares were trading Rs 1,446.85, up 0.47 per cent on the BSE, which was down 0.40 per cent. RIL share had closed at Rs 1,440.05 on Thursday.

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Published on May 22, 2020
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