Reliance Industries shares in focus on acquisition of 74% stake in Navi Mumbai IIA for Rs 1,628 crore

Reliance Industries acquired a 74% stake in Navi Mumbai IIA for ₹1,628 crore, following CIDCO's consent. This makes NMIIA, specializing in developing integrated industrial areas, a subsidiary of RIL. RIL's stock closed at ₹1273 on Friday, with analysts predicting a potential 26% upside.