Reliance Industries Ltd.'s founders, led by billionaire Mukesh Ambani, raised their stake by the most in nearly seven years after the stock's prolonged slump amid the US‑Iran war. The founder group’s ownership climbed 48 basis points sequentially, the largest jump since September 2019, to 50.48 % at the end of June, according to shareholding data released on the stock exchanges.

Shares of the oil‑to‑telecom conglomerate rose 2.4 % in Mumbai trading, the best day in over a month, ahead of its quarterly earnings announcement. The move signals renewed confidence among insiders, even as market sentiment remains cautious following recent geopolitical tensions.

Analysts note that the increased stake may strengthen management’s control and signal long‑term commitment to the company’s growth strategy. Investors will watch the upcoming earnings release for insight into how the conglomerate is navigating the evolving regulatory and competitive landscape.

The 48‑basis‑point increase brings the founders’ holding to 50.48 %, surpassing the 48.90 % level recorded in 2019. The jump follows a series of share buybacks and dividend hikes that have kept investor sentiment volatile. Reliance’s diversified portfolio, spanning petrochemicals, retail, and digital services, has positioned it as a key player in India’s economic expansion. The earnings report will likely detail the impact of the recent telecom spectrum auction and the company’s push into renewable energy.