Shares of Reliance communication surged over 5 per cent, after the company announced its >partnership with Silicon Valley-based Jasper , to deliver Next-Generation IoT (Internet of things) services across India.
The company’s scrip today opened at Rs. 55.65 and rallied 6.42 per cent to reach its intra-day high of Rs. 57.95.
Finally, it closed at Rs. 57.30 apiece, up 5.23 per cent on BSE.
On the National Stock Exchange (NSE), the stock opened at Rs. 55.40 and surged by Rs. 6.51 per cent to reach its intra-day high of Rs. 58.05.
Finally, the stock settled at Rs. 57.50, up 5.50 per cent from its previous close.
The tie-up would provide solutions to the upcoming smart cities, making electricity distribution grids smarter for public safety and on the healthcare front.
In a regulatory filing, the company announced its partnership with Jasper, a global IoT services platform provider, to enable enterprises throughout India to launch, manage and monetize Next-Generation IoT businesses.
“We are pleased to team up with Jasper in this important deployment of IoT services, enabling businesses across India to build, implement and go to market faster, while gaining real-time visibility, control and service reliability,” the company said in a BSE filing.
