Reliance Industries inches up as its arm invests $15 million in Two Platforms Inc

Reliance Industries is currently trading at Rs. 2338.00, up by 6.20 points or 0.27% from its previous closing of Rs. 2331.80 on the BSE.

Reliance Industries
Reliance Industries

The scrip opened at Rs. 2338.00 and has touched a high and low of Rs. 2338.00 and Rs. 2338.00 respectively. So far 1250 shares were traded on the counter.

The BSE group ‘A’ stock of face value Rs. 10 has touched a 52 week high of Rs. 2750.00 on 19-Oct-2021 and a 52 week low of Rs. 1877.60 on 22-Apr-2021.

Last one week high and low of the scrip stood at Rs. 2420.55 and Rs. 2322.00 respectively. The current market cap of the company is Rs. 1577694.48 crore.

The promoters holding in the company stood at 50.61%, while Institutions and Non-Institutions held 38.54% and 10.85% respectively. Reliance Industries

Reliance Industries’ (RIL) majority-owned subsidiary — Jio Platforms (Jio) has made an investment of $ 15 million in a Silicon Valley-based deep tech startup Two Platforms Inc for a 25 per cent equity stake on a fully diluted basis. Founded by Pranav Mistry Two Platforms Inc (TWO) is an Artificial Reality company with focus on building interactive and immersional AI experiences. After text and voice, TWO believes the next chapter of AI is visual and interactive.

Reliance Industries is India’s largest private sector company. The company’s activities span hydrocarbon exploration and production, petroleum refining and marketing, petrochemicals, retail and 4G digital services

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