RIL jumps 12% post AGM; sees biggest single-day gain in 10 years

Another big announcement was Reliance's partnership with Microsoft under which Jio will set up data centres across India and Microsoft will bring the cloud platform.

Shares of Reliance Industries (RIL) zoomed as much as 12.09 per cent to Rs 1,302.50 apiece on the BSE in the intra-day trade on Tuesday after the company made a slew of announcements at its 42nd AGM (annual general meeting) held on Monday. Chairman Mukesh Ambani announced that Saudi Aramco and RIL have signed a letter of intent for a proposed investment in its oil-to-chemical division. The deal is likely to fetch $15 billion (nearly 1.06 trillion) for a 20 per cent stake.

The stock witnessed its biggest single-day gain in the last 10 years. Before this, it had