RIL slips nearly 3% as govt seeks to block $15 bn Saudi Aramco deal

In a counter affidavit, it said it was a 'falsehood' that the arbitration tribunal had passed an award requiring the company and its partners to pay $3.5 billion to the government

Shares of Reliance Industries (RIL) declined as much as 2.77 per cent in the early trade on the BSE on Monday after the government filed petition in the Delhi High Court (HC) seeking to block its $15 billion deal with Saudi Aramco, in view of dues of $3.5 billion in the Panna-Mukta and Tapti (PMT) oil and gas fields. 

At 09:49 am, the stock was trading over 2 per cent lower at Rs 1,566 apiece on the BSE. In comparison, the S&P BSE Sensex was trading flat at 41,667 levels, down 15 points or 0.04 per cent. 

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