Reliance Industries slips 4% on calling-off Saudi Aramco deal

Saudi Aramco was suppose to acquire 20 per cent stake in Reliance's oil to chemicals (O2C) business

Shares of Reliance Industries were down 4 per cent at Rs 2,368.20 on the BSE in Monday’s intra-day trade after the company called-off the deal with global oil giant Saudi Aramco for a 20 per cent stake acquisition by the Saudi firm in the oil to chemicals (O2C) business of the former company.

With today’s intra-day fall, the stock of RIL has declined 14 per cent from its record high level of Rs 2,750 touched on October 19, 2021. At 09:54 am; it was trading 3 per cent lower, as compared to 0.56 per cent decline in the S&P