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Mukesh Ambani Going To Do Massive Deal; 13% Takeover Plan; Know Share Target After Deal

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A major announcement is on the way concerning Mukesh Ambani’s Reliance Industries (NSE: RELIANCE). It has reportedly agreed to buy Paramount Glabol’s part of Viacom18 Media.

For this deal, Reliance Industries will have to spend a total of $ 517 billion (Rs 42.86 billion). Let us tell you, that Paramount Global’s stake in Viacom-18 Media is 13.01 percent.

Viacom-18 currently has a total of 40 channels. The list of these channels includes MTV, Comedy Central, etc.The company is owned by Reliance. 

According to a Reuters report, Paramount has confirmed that its content licensing agreement with Reliance will remain intact in the future.

At present this content is available on the Reliance Jio platform.

Let us tell you, on March 7, Paramount is talking about selling its stake in the Global India Media Joint Venture to Reliance. 

Then it was said in the report that the matter has progressed a lot. However, the final agreement has yet to be concluded.

If this acquisition plan goes through the prescribed process then it will be a big success for Reliance. 

Just a few days ago, the merger of Reliance Jio and Disney India was announced.

Why Is Paramount Selling Its Stake?

Paramount is reducing its stake in the Simon and Schuster book publishing company that includes CBS, MTV, and several other networks.

As per the reports, it is a part of Paramount’s plan to cut the burden of debt.

About Reliance Industries Limited

Reliance Industries Ltd. engages in the exploration and production of hydrocarbon refineries of petroleum, marketing and retail, petrochemicals, and telecommuting. 

The Refining segment is comprised of the manufacturing and marketing operations for petroleum products. 

The Petrochemicals segment is the manufacturing and marketing processes of petrochemical products. 

The company was established in 1966 by Dhirubhai Hirachand Ambani in the year 1966 and is located in Mumbai, India.

Fundamental Analysis of Reliance Industries Limited

Market Cap₹ 19,48,146 Cr.
Current Price₹ 2,883
52-wk High₹ 3,025
52-wk Low₹ 2,000
Stock P/E27.9
Book Value₹ 1,110
Dividend0.31 %
ROCE9.14 %
ROE8.94 %
Face Value₹ 10.0
P/B Value2.59
OPM18.0 %
EPS₹ 103
Debt₹ 3,16,697 Cr.
Debt to Equity0.42

Reliance Industries Share Price Target 2024 To 2030

Year1st Target2nd Target
2024₹ 2800₹ 3100
2025₹ 3160₹ 3400
2026₹ 3500₹ 3860
2027₹ 4000₹ 4621
2028₹ 5000₹ 5900
2029₹ 6300₹ 6700
2030₹ 7150₹ 8400
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Reliance Industries Limited Shareholding Pattern

Promoters Holding
Dec 202250.49%
Mar 202350.41%
June 202350.39%
Sept 202350.27%
Dec 202350.30%
FII Holding
Dec 202223.48%
Mar 202322.49%
June 202322.55%
Sept 202322.60%
Dec 202322.13%
DII Holding
Dec 202215.26%
Mar 202316.06%
June 202316.13%
Sept 202315.99%
Dec 202316.59%
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Govt. Holding
Dec 20220.16%
Mar 20230.16%
June 20230.17%
Sept 20230.17%
Dec 20230.18%
Public Holding
Dec 202210.59%
Mar 202310.89%
June 202310.76%
Sept 202310.98%
Dec 202310.80%

Reliance Industries Limited Share: Last 5 Years’ Financial Condition

To gain a better understanding of how the market is performing, let’s look at the outlook of this share in the previous years. 

However, investors should be aware of the risks and the market conditions before making any investment decision.

Last 5 Years’ Sales:

2019₹ 568,337 Cr
2020₹ 596,679 Cr
2021₹ 466,307 Cr
2022₹ 698,672 Cr
2023₹ 877,365 Cr
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Last 5 Years’ Net Profit:

2019₹ 39,837 Cr
2020₹ 39,880 Cr
2021₹ 53,739 Cr
2022₹ 67,845 Cr
2023₹ 79,104 Cr

Last 5 Years’ Debt-To-Equity Ratio:

20190.7
20200.65
20210.32
20220.34
20230.44

Last 10 Years’ Profit Growth:

10 Years:13%
5 Years:13%
3 Years:16%
Current Year:10%

Last 10 years’ Return on Equity (ROE):

10 Years:10%
5 Years:9%
3 Years:8%
Last Year:9%

Last 10 Years’ Sales Growth:

10 Years:8%
5 Years:18%
3 Years:14%
Current Year:1%

Conclusion

This article is a complete guide about Reliance Industries Ltd Share.

These information and forecasts are based on our analysis, research, company fundamentals and history, experiences, and various technical analyses. 

Also, We have talked in detail about the share’s future prospects and growth potential.

Hopefully, these informations will help you in your further investment. 

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