Reliance Industries shares gain nearly 2 pc after Intel Capital deal

The heavyweight stock jumped 1.53 per cent to close at Rs 1,787.50 on the BSE.

By Author  |  Published: 3rd Jul 2020  8:06 pm
Reliance Industries

New Delhi: Shares of Reliance Industries rose nearly 2 per cent on Friday after announcement that Intel Capital will buy 0.39 per cent stake in Jio Platforms.

The heavyweight stock jumped 1.53 per cent to close at Rs 1,787.50 on the BSE. During the day, it gained 1.83 per cent to trade at Rs 1,792.80. On the NSE, the stock rose 1.57 per cent to settle at Rs 1,788.

The company’s market valuation jumped by Rs 17,109.55 crore to Rs 11,33,168.55 crore on the BSE. In terms of volume, 8.57 lakh shares were traded on the BSE and 1.35 crore on the NSE. Electronic chip maker Intel’s investment arm, Intel Capital, will buy 0.39 per cent stake in Mukesh Ambani’s digital unit, Jio Platforms, for Rs 1,894.50 crore, the company said on Friday.