RIL hits fresh record high; shares up 90% from March lows
Shares of Reliance IndustriesNSE 0.19 % (RIL) scaled their fresh record high in Tuesday’s trade after reports that Saudi Arabia’s Public Investment Fund (PIF) is all set to pick up a 2.33 per cent stake in the company’s Jio Platforms for an estimated $1.5 billion.
Amid the ongoing momentum, shares of RIL have climbed nearly 90 per cent from the panic low of Rs 867, registered on March 23, to hit its life-time high of Rs 1,647.85 on June 16.
Billionaire Mukesh Ambani-led company has already raised a record Rs 1.04 lakh crore in less than eight weeks from the sale of minority stakes in its digital unit Jio Platforms to marquee investors.
