Reliance Industries today rose by over one per cent on the Bombay Stock Exchange after the company said it will buy a 60 per cent stake in a shale gas venture in the U.S. for $ 392 million.

Shares of Mukesh Ambani-led Reliance Industries (RIL) jumped 1.19 per cent to touch an early high of Rs 1,028 on BSE. The scrip was quoted at Rs. 1,018, up 0.21 per cent at 1037 hrs.

Meanwhile, the scrip was quoted at Rs. 1,016.35, up 0.03 per cent, on the National Stock Exchange. On volume front, over 10 lakh shares of RIL changed hands on the two bourses.

The broader market Sensex was also trading higher by 31.92 points at 18,249.36 points.

Keywords: RILshale gas buyout


RIL buys 60 % in Marcellus Shale August 5, 2010

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