Mukesh Ambani’s Reliance Industries Ltd has sold its stake in US-based shale gas asset to Northern Oil & Gas Inc for $ 250 million.
Billionaire businessman Mukesh Ambani’s Reliance Industries Ltd has sold its stake in US-based shale gas asset to Northern Oil & Gas Inc for $ 250 million.
“Reliance Marcellus, LLC (RMLLC), a wholly owned subsidiary of Reliance Industries Limited (RIL), has signed agreements to sell its assets in Marcellus Shell Play, southwestern Pennsylvania,” the company said in a statement. The company said these assets were sold to Northern Oil & Gas Inc. for $ 250 million in cash and warrants. A purchase and sale agreement (PSA) was signed between the two companies on February 3, 2021.
Mukesh Ambani’s assets : Meanwhile, Mukesh Ambani’s assets have declined. If you look at the real time figures of Bloomberg Billionaire Index, Mukesh Ambani’s assets are below $ 75 billion. However, Mukesh Ambani’s ranking remains in 12th place. Meanwhile, Reliance Industries shares registered a marginal gain on the last trading day of the week. The share price of this company is Rs 1924.
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Sensex, Nifty at new high: The stock market remained strong for the fifth day on Friday and the BSE Sensex closed at a record level with a gain of 117 points. The BSE Sensex, based on thirty shares, had once crossed the 51,000 mark. But in the end it closed at a new high of 50,731.63 points with a gain of 117.34 i.e. 0.23 percent.
Similarly, the NSE Nifty based on 50 stocks had once crossed the 15,000 mark. But later it declined and finally it closed at 14,924.25 points with a gain of 28.60 points or 0.19 percent.
