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News & Recos

• Reliance arm buys 51.78% stake in Asteria Aerospace
  The investment will further enable the group's initiatives in emerging technology.
• Compliances-Reg. 39 (3) - Details of Loss of Certificate / Duplicate Certificate
  Pursuant to Regulation 39(3) of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, we enclose the information regarding loss of share certificates received from the shareholders of the Company on December 13, 2019. We are in the process of issuing duplicate share certificates to them after compliance of required formalities.
• Sensex jumps 428 pts, Nifty nears 12,100; UK-linked stocks rally
  US and China are close to finalising a modest trade agreement that would suspend tariffs.
• Announcement under Regulation 30 (LODR)-Acquisition
  Reliance Strategic Business Ventures Limited ("RSBVL"), a wholly-owned subsidiary of Reliance Industries Limited ("RIL" or the "Company") has acquired equity shares of Asteria Aerospace Private Limited ("Asteria") for a cash consideration of INR 23,12,49,584/- (Indian Rupees twenty three crore twelve lakh forty nine thousand five hundred eighty four only). The said investment represents 51.78% holding in the equity share capital of Asteria.
• Why Kotak Institutional raised RIL target price to Rs 1,825
  RIL shares have risen 40.36 per cent for the year to date, smartly outperforming benchmark Sensex.

• Compliances-Reg. 39 (3) - Details of Loss of Certificate / Duplicate Certificate
  Pursuant to Regulation 39(3) of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, we enclose the information regarding loss of share certificates received from the shareholders of the Company on December 11, 2019 and December 12, 2019. We are in the process of issuing duplicate share certificates to them after compliance of required formalities.
• Announcement under Regulation 30 (LODR)-Acquisition
  Reliance Strategic Business Ventures Limited (RSBVL), a wholly-owned subsidiary of Reliance Industries Limited (RIL or the Company) has acquired equity shares of NowFloats Technologies Pvt. Ltd. (Nowfloats) for a cash consideration of INR 141,63,78,822 (Indian Rupees one hundred forty one crore sixty three lakh seventy eight thousand eight hundred twenty two only). The said investment represents 85% holding in the equity share capital of Nowfloats. RSBVL proposes to make a further investment of up to INR 75 crore (Indian Rupees seventy five crore only), subject to achieving agreed milestones. The further investment is expected to be completed by December 2020. Post the further investment, the shareholding of RSBVL will increase to 89.66% of the equity share capital of Nowfloats.
• After Market: YES Bank nosedives; Dish TV, Voda Idea jump; 37 stocks hit 52-week highs
  India VIX, the measure of volatility, dived 8.01 per cent to 13.14 during the day.
• Edelweiss maintains buy on Reliance Industries, raises target to Rs 1,844
  The brokerage estimates that the share of digital business to consolidated Ebitda/profit after tax will double to 41%/ 24% by FY23.
  Buy
• Stocks in the news: YES Bank, Bharti Airtel, Dish TV, Tata Motors and IDBI Bank
  Concor said L & L Partners has been appointed as legal advisor for divestment of the firm

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