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MarketScreener Homepage  >  Equities  >  NATIONAL STOCK EXCHANGE OF INDIA  >  Reliance Industries Ltd    RELIANCE   INE002A01018

RELIANCE INDUSTRIES LTD

(RELIANCE)
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End-of-day quote. End-of-day quote NATIONAL STOCK EXCHANGE OF INDIA - 02/14
1487.6 INR   +0.91%
02/15Vodafone assesses payment to India in dispute over dues
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02/14India orders telcos to pay dues now, after top court threatens contempt
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02/14Trump to woo Indian executives during New Delhi visit
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Brookfield Infrastructure to Acquire India Telecom Towers

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12/16/2019 | 08:16am EST

By Colin Kellaher

Brookfield Infrastructure Partners L.P. (BIP.UN.T, BIP) on Monday said it agreed to buy a telecom tower company in India from a unit of Reliance Industries Ltd. (500325.BY) in a $3.7 billion deal.

Brookfield, the listed infrastructure unit of Toronto alternative asset manager Brookfield Asset Management Inc. (BAM.A.T, BAM), said it would invest about $375 million, with the balance being funded by its institutional partners.

Brookfield said the acquisition includes a portfolio of roughly 130,000 communication towers that form the infrastructure backbone of Reliance Jio's telecom business. The company said Reliance Jio is an anchor tenant of the portfolio under a 30-year master services agreement, providing a secure source of revenue for the tower company.

Write to Colin Kellaher at colin.kellaher@wsj.com

Stocks mentioned in the article
ChangeLast1st jan.
BROOKFIELD ASSET MANAGEMENT INC. 1.87% 90.07 Delayed Quote.14.22%
BROOKFIELD INFRASTRUCTURE PARTNERS L.P. 0.29% 55.45 Delayed Quote.10.92%
RELIANCE INDUSTRIES LTD 0.91% 1487.6 End-of-day quote.-2.64%
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Financials (INR)
Sales 2020 6 083 B
EBIT 2020 696 B
Net income 2020 461 B
Debt 2020 2 092 B
Yield 2020 0,51%
P/E ratio 2020 20,0x
P/E ratio 2021 15,1x
EV / Sales2020 1,79x
EV / Sales2021 1,60x
Capitalization 8 816 B
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Technical analysis trends RELIANCE INDUSTRIES LTD
Short TermMid-TermLong Term
TrendsNeutralBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 30
Average target price 1 713,93  INR
Last Close Price 1 487,60  INR
Spread / Highest target 35,8%
Spread / Average Target 15,2%
Spread / Lowest Target -22,7%
EPS Revisions
Managers
NameTitle
Mukesh Dhirubhai Ambani Chairman & Managing Director
V. V. SuryaRau President
Srikanth Venkatachari Joint Chief Financial Officer
Alok Agarwal Chief Financial Officer
Nikhil Rasiklal Meswani Executive Director
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