
Reliance shares jump 3% on plan to demerge finserv biz
RIL will hold a meeting of its creditors and shareholders on May 2, 2023, to consider demerger of its financial services business into Reliance Strategic Investments.
RIL will hold a meeting of its creditors and shareholders on May 2, 2023, to consider demerger of its financial services business into Reliance Strategic Investments.
The scheme is expected to bring in an investment of ₹93,041 crore and generate over one lakh direct and indirect jobs.
Over 65% of the population is below the age of 35 and doesn't relate to Campa Cola at all.
The production will increase to around 30 MMSCMD from 19 MMSCMD
Despite the recent fall, the share price of the chocolate maker has zoomed 200% in the last two months, from ₹96.4 on December 23 to ₹288.6 intraday on Tuesday.
RIL is enhancing gas production from KG Basin by 58% with the commissioning of MJ field by March.
Most of the brokerages have recommended “Buy” rating on RIL shares post Q3, projecting the stock to rise up to 31% from the current market price.
Net debt rose to ₹110,248 crore from ₹3,862 crore in the last one year due to the rising capital expenditure.
The marriage of both Anant and Radhika was announced in 2019.
The consolidated revenue from operations rose 13.3% YoY to ₹220,592 crore, driven by continuing growth in consumer businesses and higher gas realisation.