Reliance Industries shares tumble over 4%
Shares of Reliance Industries Ltd on Monday tumbled over 4 per cent after it shelved a proposed deal to sell a 20 per cent stake in its oil refinery and petrochemical business to Saudi Aramco for $15 billion.
The market heavyweight stock tanked 4.22 per cent to Rs 2,368.20 on the BSE.
At the NSE, it tumbled 4.17 per cent to Rs 2,370.
After missing two self-imposed deadlines, billionaire Mukesh Ambani’s Reliance Industries Ltd has shelved a proposed deal to sell a 20 per cent stake in its oil refinery and petrochemical business to Saudi Aramco for an asking of $15 billion, as the Indian firm focuses on the new energy business.
