RIL shares slide nearly 3% on disappointing Q1; fall 12% in 4 sessions
RIL's market cap has eroded by ₹2.27 lakh crore in the last three trading days after hitting all-time high of ₹19.21 lakh crore in intraday trade on July 19.
RIL's market cap has eroded by ₹2.27 lakh crore in the last three trading days after hitting all-time high of ₹19.21 lakh crore in intraday trade on July 19.
Investors rushed to buy RIL shares amid hope that it would unlock value for shareholders post demerger of Jio Financial Services.
RIL will take necessary steps including fixing the record date for allotment and listing of equity shares of Reliance Strategic Investments on stock exchanges.
As part of demerger, Reliance shareholders will be issued one equity share of Jio Financial for every share they hold in the company.
Jio Financial Services will be listed on the Indian stock exchanges, says RIL.