17-Jul-2026 16:30:30
Reliance Promoters Increase Stake by 0.5%, Make ₹9,000 Crore Bet on Company News
Promoters of Reliance Industries increased their stake by 0.5 percentage points during the June quarter, making an investment worth nearly ₹9,000 crore at current market prices. The promoter holding rose to around 50.3%, signaling strong confidence in the conglomerate's long-term growth prospects. The increase comes amid continued investments across telecom, retail, new energy and AI infrastructure businesses. Market participants view the move as a positive signal, reflecting promoter conviction despite ongoing volatility in global markets.