Reliance Industries (RIL) The stock price rose in early trade on September 3 after the subsidiary of Reliance Retail Ventures (RRVL) acquired stock control.

“On September 1, 2021, only dial, in accordance with preferential problems, allocated 2.12 crore equity shares each at a price of Rs 1022.25 per share equity (including RS 1012.25 premium per equity share) which represents 25.35 percent of The issue of post preferential stock capital is paid only dial to RRVL, “Reliance Retail said in a press release.

Previously on July 20, 2021, RRvl acquired 1.31 crore equity shares of RS 10 each only dial at a price of 1,020 per share equity from Mr. VSS MII on the Stock Exchange floor through window facilities.

This acquisition represents 15.63 percent of the post-preferential issue of equity stock capital paid only dial.

RRVL reported the consolidated turnover of Rs 157,629 Crore (USD 21.6 billion) and Net Profit Rs 5,481 Crore (USD 750 million) for the year ended March 31, 2021.

At 9:17 HRS Reliance Industries quoted at Rs 2,319.40, up RS 25.75, or 1.12 percent on BSE.

The section touched the highest 52 weeks of Rs 2,368.80 and 52 weeks low of RS 1,830.00 on September 16, 2020 and January 29, 2021, respectively.

At present, trading 2.09 percent below 52-weeks and 26.74 percent above the lowest level of 52 weeks.

Share the dial that only quoted at Rs 1,004.50, up RS 23.40, or 2.39 percent in BSE.