RIL ends 4% lower post 43rd AGM; market-cap erodes by Rs 45,000 crore

Shares of Reliance Industries (RIL) settled 3.7 per cent per cent lower at Rs 1,846 levels on the BSE post the company's 43rd annual general meeting (AGM) on Wednesday, falling 9 per cent in intra-day trade on profit booking and on concerns of Saudi Aramco deal not fructifying. The stock of Mukesh Ambani-controlled RIL had hit a record high of Rs 1,978.50, up 3 per cent in early morning trade. It has more-than-doubled from its 52-week low of Rs 867.82 touched on March 23, 2020.

A sharp decline in stock price of RIL saw its market capitalisation (market-cap) erode Rs