Money on the markets

Reliance Industries drops

Kshitij Anand

Jan 11, 2010 12:27 UTC

Shares in index heavyweight Reliance Industries dropped 1.8 percent on Monday, after it raised $763 million through share sale.

The share sale by energy major Reliance Industries, is seen as part of the company’s bid to take control of Luxembourg-based LyondellBasell.

The deal follows a $577 million share sale last week to state-run Life Insurance Corp of India and a $660 million share sale in September.

“They need the funds for acquisitions – it could be either Lyondell or any other company,” said Prayesh Jain, oil & gas analyst at brokerage India Infoline.

RIL drops, weak day for oil & gas counters

Aditya Kalra

Dec 18, 2009 11:20 UTC

Shares in Reliance Industries, India’s top listed firm, dropped over 2 percent on Friday and ended as the top loser among Sensex components.

Losses in Reliance contributed the most in dragging the benchmark lower by 174 points. The energy major’s shares have slipped nearly 5.5 percent over the week.

Reliance drops on share sale

Kshitij Anand

Sep 17, 2009 12:10 UTC

Shares in Reliance Industries ended over 4 percent down at 2,086 rupees on Thursday while the BSE Sensex ended flat.

Reliance, which has over 13 percent weightage in the main index, dropped as much as 97 rupees making it the top loser in the index.

Reliance Ind shares fall 3.7 pct

Aditya Kalra

Jul 27, 2009 10:49 UTC

Reliance Industries, India’s top listed company, struggled on the first trading day of the week after posting disappointing results on Friday.

The energy major slipped 3.7 percent to close at 1939 rupees, dragging the BSE Oil & Gas Index down 3 percent.