10% shares of RIL changed hands in multiple block deals today

Around 389 million shares, representing 2.3% equity stake, changed hands on BSE via block deals

About 389 million shares od Reliance Industries (RIL), representing about 12.3% equity stake, were traded on the BSE through multiple block deals in early morning trade on Wednesday.

Around 388.70 million shares worth of Rs 50,337 crore have changed hands on the BSE, the exchange data shows.

The name of the buyers and sellers were not immediately ascertained.

RIL on March 2, 2017 had informed the stock exchanges that the promoter group of the company may restructure their respective shareholding via an 'inter-se' transfer of shares aggregating up to 1,190 million shares. The shares being transferred constitute