Reliance Industries jumps over 2.5% on acquisition of Future Group's businesses
Updated : August 31, 2020 11:01 AM IST
The RIL stock price rose as much as 2.6 percent to day's high of Rs 2,172 per share.
Relinace Industries Ltd will acquire the businesses on a slump sale basis for Rs 24,713 crore.
Morgan Stanley raised RIL's target price to Rs 2,247 from Rs 1,801 per share earlier post the announcement.