Reliance Stocks in focus today, 5-March-2019

Reliance Group stocks, among others, will be in focus during trade on Tuesday based on latest news developments.

Reliance Industrial Investments and Holdings, a the subsidiary of Reliance Industries Ltd has entered into an acquisition agreement for equity shares of C-Square Info Solutions for a cash consideration of Rs22.04-crore. It will additionally invest Rs60-crore by March 2021. After these investments, the company will hold 82-percent stake.

Lenders of Reliance Infrastructure Limited sold 82.8 lakh shares of the promoter from February 25 to March 1.

Similarly, lenders of Reliance Power Ltd sold 5.6-crore shares of the promoter from February 25 to March 1.