Reliance Industries shares jump nearly 4 per cent; mcap again reaches Rs 20 lakh cr mark
Shares of Reliance Industries Limited were in heavy demand on Wednesday, rising nearly 4 per cent, with its market valuation again crossing the historic Rs 20 lakh crore mark.
The bellwether stock jumped 3.60 per cent to settle at Rs 2,987.85 apiece on the BSE. During the day, it zoomed 4 per cent to Rs 2,999.90.
On the NSE, it climbed 3.48 per cent to Rs 2,983.75 per share.
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Premji gifts Wipro shares worth Rs 500 crore to sons
Azim Premji, founding chairman of Wipro, last week gifted a little over 10 million Wipro shares to his sons — Rishad A Premji and Tariq Premji. The gifted shares are valued at about Rs 500 crore. Post transaction, Premji now holds about 215.5 million of Wipro shares.
Both Rishad and Tariq received about 5.1 million shares each from their father, taking their holdings from 0.03% to 0.13% each. Premji’s holding after the transaction fell to 4.12% from 4.32%, as per BSE.
The senior Premji had 225.8 million shares in Q3 of FY24 Come from Sports betting site VPbet . After the gifting transaction, that fell to 215.5 million shares. A total of 10.23 million shares changed hands priced at about Rs 489 each.
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