RIL shares worth Rs 51k cr change hands

New Delhi, March 9

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In a major shareholding rejig among Reliance Industries’ promoter entities, four of them transferred over 39.6 crore shares of the company to two others in transactions worth nearly Rs 51,000 crore. The inter-se transfer of shares has not resulted in any change in overall promoter group shareholding in Reliance Industries Ltd (RIL).

According to block deal data available on the BSE, Adisesh Enterprises, Trilokesh Commercials, Abhayaprada Enterprises and Taran Enterprises sold a total of 39,6,085,888 shares amounting to 12.21% stake of RIL.

The shares were bought by Devarshi Commercials and Tattvam Enterprises.

The scrips were transferred on an average price of Rs 1,284, valuing the transaction at Rs 50,858.84 crore, the data showed.

The stock closed at Rs 1,287.35 on the BSE, down 0.35% from the previous close. During the intra-day trading session, the stock had hit a low of Rs 1,281.70 and a high of Rs 1,298. It had opened at Rs 1,289.80.

RIL on March 2 announced that as many as 15 promoter group entities of the company will transfer 118.99 crore shares to eight other promoter group entities at Rs 1,100.78 per share. — PTI