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Mukesh Ambani ups stake in Reliance Industries by 2.71%; stock falls 1.12%

The additional stake was acquired by Reliance Services and Holdings (controlled by Petroleum Trust

Business Standard 

Mukesh Ambani
Mukesh Ambani

Taking advantage of the low share prices, the promoter entities owned by Mukesh Ambani, chairman of Reliance Industries
(RIL), raised their stake by 2.71 per cent to 48.87 per cent in The market value of on Tuesday was Rs 7.58 trillion. The additional stake was acquired by Reliance Services and Holdings (controlled by Petroleum Trust, part of the promoter group). shares closed at Rs 1,197 apiece, down 1.12 per cent.

First Published: Wed, September 18 2019. 03:16 IST
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