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Reliance at 9-year high as Street awaits Jio Prime subscribers’ data

Out of 100 million-plus free subscribers, nearly 50 million have signed up for its 'Prime' membership by paying a one-time charge of Rs 99 and buying data packs, according to a PTI report.

March 31, 2017 / 14:41 IST
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    Shares of Reliance Industries witnessed a surge in the post noon session of trade as investors awaited for numbers on Jio Prime subscribers.

    The scrip rose over 5 percent intraday on the BSE and was trading at a nine-year high mark.

    Out of 100 million-plus free subscribers, nearly 50 million have signed up for its 'Prime' membership by paying a one-time charge of Rs 99 and buying data packs.

    The company has offered customers Prime membership on payment of one-time fee of Rs 99. Data packs for such members is available for as low as Rs 149 per month. Voice calls on Jio will remain free.

    At 14:14 hrs, the stock was quoting at Rs 1,322.80, up Rs 53.45, or 4.21 percent. It touched a 52-week high of Rs 1,336.00.

    Reliance Jio is a part of Reliance Industries that owns Network 18 Media & moneycontrol.com

    first published: Mar 31, 2017 02:41 pm

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