Tuesday 23 February 2016

Reliance Industries unit acquires 5% stake in Media Matric

A unit of Reliance Industries has acquired nearly 5% stake in Mahendra Nahata-promoted Media Matric Worldwide for about Rs. 40 crore, according to reports.


A unit of Reliance Industries has acquired nearly 5% stake in Mahendra Nahata-promoted Media Matric Worldwide for about Rs. 40 crore, according to reports.

Report says that Ojasvi Trading acquired 5.25 crore shares in three separate block deals.

Reliance Industries Ltd is currently trading at Rs. 964, up by Rs. 1.55 or 0.16% from its previous closing of Rs. 962.45 on the BSE.

The scrip opened at Rs. 964 and has touched a high and low of Rs. 966.9 and Rs. 956.75 respectively. So far 1395486(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs. 311799.48 crore.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 1089.5 on 15-Jan-2016 and a 52 week low of Rs. 796.75 on 30-Mar-2015. Last one week high and low of the scrip stood at Rs. 967.9 and Rs. 917.1 respectively.

The promoters holding in the company stood at 45.2 % while Institutions and Non-Institutions held 31.96 % and 19.71 % respectively.

The stock is currently trading above its 50 DMA.

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