NEW DELHI: Shares of Reliance NSE -3.50 % Industries dropped as much as 4 per cent in early trade on Monday as Mukesh Ambani-led company scrapped a proposed deal to sell a 20 per cent stake in its oil refinery and petrochemical business to Saudi Aramco.
Reliance’s scrip touched a low of Rs 2368.20 on the BSE as against Rs 2472.75 at previous close.
The decision came after Reliance missed two self-imposed deadlines to settle the transaction, in which the asking price from the Saudi state-owned giant was $15 billion.
