Live
- Power generation up at 140bn units
- India formally sends letter of intent to host 2036 Olympics: Sources
- Pollution spikes after Deepawali fireworks in capital
- Lokayukta police to summon CM for questioning in MUDA case tomorrow
- AP DGP Dwaraka Tirumala Rao addresses media, emphasises commitment of people
- Two Bengaluru residents lose ₹95 lakh to cyber fraudsters
- Lady Aghori alleges misbehavior by toll gate staff
- Karnataka prohibits all forms of manja after PETA plea
- Boy Dies in Tragic School Gate Collapse at ZP High School, Hayatnagar
- Jagan will be a sole person to remain in YSRCP
RIL shares fall 2%, m-cap by Rs 17,990 crore
Shares of Reliance Industries Ltd (RIL) fell nearly 2 per cent on Monday after the government sought to block the company's plan to sell 20 per cent stake to Saudi Aramco.
New Delhi: Shares of Reliance Industries Ltd (RIL) fell nearly 2 per cent on Monday after the government sought to block the company's plan to sell 20 per cent stake to Saudi Aramco.
The scrip declined 1.78 per cent to close at Rs 1,571 on the BSE. During the day, it dropped 2.77 per cent to Rs 1,555. On the NSE, it fell 1.76 per cent to close at Rs 1,570.95.
The company's market valuation dropped Rs 17,990.13 crore to Rs 9,95,888.87 crore on the BSE. In trading volume terms, 12.74 lakh shares of RIL were traded on the BSE and over one crore units exchanged hands on the NSE.
Last week, the government moved the Delhi High Court seeking to block Reliance selling 20 per cent stake in its oil and chemical business to Saudi Aramco for $15 billion, in view of pending dues of $3.5 billion in Panna-Mukta and Tapti oil and gas fields.
Reliance Industries has mounted a strong counter to the government petition in the Delhi High Court seeking to block its $15 billion deal with Saudi Aramco, saying, the petition is an abuse of process as no arbitration award has fixed any final liability of dues on the company.
