Reliance Infra hits over 28-year low as auditors raised concern over biz

Thus far in the month of June, the share price of RInfra has tanked 49 per cent from the level of Rs 104, as compared to a one per cent decline in the S&P BSE Sensex.

Shares of Reliance Infrastructure (RInfra) hit an over 28-year low of Rs 52.70, down 10 per cent on the BSE on Monday in the early morning trade after the auditors raised questions about the company’s ability to continue in business.

The stock of Reliance Infrastructure, a part of Anil Dhirubhai Ambani Group (ADAG), was trading at its lowest level since February 1, 1991, according to data available with Bloomberg. It touched an all-time low of Rs 35 on April 12, 1990 on the BSE in intra-day trade, CapitalinePlus data shows.

Thus far in June, the share price of RInfra has