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

Altogether, Reliance Industries has sold 25.24 per cent stake in Jio Platforms Ltd and raised over Rs 1.18 trillion in the process

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