Reliance Industries shares gain nearly 2% after General Atlantic deal

Shares of Reliance Industries on Monday gained nearly 2 per cent after the company announced the sale of 1.34 per cent stake in its digital unit to global equity firm General Atlantic for Rs 6,598.38 crore.

The heavyweight stock rose by 1.58 per cent to Rs 1,482 on the BSE in opening session.

On the NSE, shares of the company went advanced 1.54 per cent to Rs 1,482.

However, as the session progressed, the company surrendered the early gains and was quoting 1.07 per cent down at Rs 1,443.25 on the BSE in line with weak market sentiment.

Reliance Industries on Sunday announced the sale of 1.34 per cent stake in its digital unit to global equity firm General Atlantic for Rs 6,598.38 crore, the fourth deal in less than four weeks that will inject a combined Rs 67,194.75 crore in the oil-to-telecom conglomerate to help it pare debt.