Reliance Industries slips 7% in two days, loses over Rs 1-trn in market cap

Meanwhile, the company has issued a clarification on loan of Rs 750 crore granted to Shapoorji Pallonji Company by its arm Reliance Ventures Limited

Shares of Reliance Industries (RIL) were down 3 per cent at Rs 2,305 on the BSE in Tuesday’s intra-day, falling 7 per cent in the past two trading sessions, despite the company’s clarification on loan of Rs 750 crore granted to Shapoorji Pallonji Company by its arm Reliance Ventures Limited (RVL).

A sharp decline in stock price has seen, RIL’s market capitalisation decline by Rs 1.17 trillion in past two trading days. At 10:30 am, the stock traded 2.4 per cent lower at Rs 2,321 on the BSE, as compared to 0.47 per cent decline in the S&P BSE