RIL strikes all-time high
Reliance Industries (RIL) rose 2.2% to Rs 1443. The stock hit a high of Rs 1447, which is a lifetime high for the counter.Reliance Industries sees robust demand for petrochemicals over the next 12-18 months, its chairman, Mukesh Ambani, said on Monday. The petrochemicals cycle has not peaked as yet, he added.
Meanwhile, RIL has allotted 12 crore warrants on a preferential basis to entities belonging to the promoter group, entitling the holders to apply for an equivalent number of fully paid-up equity shares of Rs 10 each at Rs 1402 per share, within 18 months from the date of issue.
Meanwhile, RIL has allotted 12 crore warrants on a preferential basis to entities belonging to the promoter group, entitling the holders to apply for an equivalent number of fully paid-up equity shares of Rs 10 each at Rs 1402 per share, within 18 months from the date of issue.
Labels: Reliance Industries
posted by SY at 1:36 PM
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