10% shares of RIL changed hands in multiple block deals today

Around 389 million shares, representing 2.3% equity stake, changed hands on BSE via block deals

About 389 million shares od Reliance Industries (RIL), representing about 12.3% equity stake, were traded on the BSE through multiple block deals in early morning trade on Wednesday.

Around 388.70 million shares worth of Rs 50,337 crore have changed hands on the BSE, the exchange data shows.

The name of the buyers and sellers were not immediately ascertained.

RIL on March 2, 2017 had informed the stock exchanges that the promoter group of the company may restructure their respective shareholding via an 'inter-se' transfer of shares aggregating up to 1,190 million shares. The shares being transferred constitute 36.7% of the share capital or 38.74% of voting rights.

On March 9, 2017, RIL shares worth over Rs 50,000 crore changed hands on the BSE, days after the company announced major shareholding rejig among its promoter group entities.

Taran Enterprises LLP, Abhayaprada Enterprises LLP, Trilokesh Commercials LLP, Adisesh Enterprises LLP had collectively sold 396 million equity shares of RIL, representing about 12.2% equity stake, for Rs 50,854 crore.

Devarshi Commercials LLP (355.4 million) and Tattvam Enterprises LLP (40.6 million) had bought these shares via block deals. CLICK HERE FOR DETAILS

At 09:36 am; RIL was up 1% at Rs 1,301 after hitting high of Rs 1,304 in intra-day trade. It touched low of Rs 1,289 so far. On comparison, the S&P BSE Sensex was down marginally by 0.05% at 29,427.