RIL hits new high on closing deals with 4 investors; m-cap above Rs 12 trn

Shares of Reliance Industries surged 3.21 per cent to a new lifetime high of Rs 1,938.80 on the BSE on Monday after the company closed deals with four investors to sell a minority stake in Jio Platforms, receiving a total of over Rs 30,062 crore in the process.

That apart, The Mukesh Ambani – controlled company also announced Rs 730 crore investment by Qualcomm Ventures in the digital arm over the weeked.

In a regulatory filing on Saturday, Reliance said it has closed the sale of 6.13 per cent stake in Jio Platforms with L Catterton, The Public Investment Fund, Silver Lake and General Atlantic, receiving over Rs 30,062 crore in the process.