Reliance Group News

Mukesh Ambani-led Reliance Industries' NBFC arm Jio Financial Services acquired more than 7.9 crore equity shares of Jio Payments Bank Limited from the State Bank of India. Shares closed lower ahead of the acquisition announcement.

According to a report in The Economic Times, Reliance Industries has revived its plan to sell its 4.9% stake in Asian Paints. For this purpose, it has roped in Bank of America (BofA) to manage the transaction.

The Indian stock market faced significant challenges in FY25, impacting major conglomerates. Only Aditya Birla Group saw market cap growth, while others like Adani, Reliance, and Tata experienced declines, driven by share price losses and external pressures such as trade wars and investor sell-offs.

Assam CM on Saturday inaugurated Reliance's new Campa Cola bottling plant in Guwahati, Assam and hopes that this new plant is set to generate 1,300 jobs for the state. The plant is set up in partnership with Jericho Foods and Beverages.

The stay is subject to Anil Ambani depositing 50% of the amount within four weeks.

Reliance Infrastructure Ltd and Reliance Power Ltd, are poised to execute their growth strategies, according to officials, reported the news agency PTI on Sunday.

Reliance Group said on Wednesday it would jointly develop solar and hydro power projects in Bhutan along with the government's investment arm, reported the news agency Reuters.

Reliance Infrastructure shares soared 60% in September to close at ₹336.20 apiece, their highest level since December 2018, while Reliance Power shares also gained 60% last month to reach ₹48.6 apiece, a level last seen in January 2018.

Despite a recent 19 per cent surge, Reliance Industrial Infrastructure's shares are still 57 per cent off their peak. After experiencing a steady uptrend between 2020 and 2023, the stock has seen a noticeable pause in its bull run this year, gaining just 2 per cent so far.

SEBI-ANIL-AMBANI:SEBI's ban on India's Anil Ambani and his Reliance Group troubles