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 USD 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 USD 15 billion, as the Indian firm focuses on the new energy business.
