RIL loses Rs 96,000 crore in m-cap in 4 days

RIL loses Rs 96,000 crore in m-cap in 4 days

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Reliance Industries Ltd (RIL), Mukesh Ambani-controlled oil-to-textile-to-telecom conglomerate, has lost more than Rs 96,000 crore in the market capitalisation or stock market value in the last four days.

With the mega-wipeout in the market capitalisation of RIL, the company’s market cap has fallen below Rs 8 lakh crore for the first time in the last two months. The sharp downmove of nearly 11 per cent in the share prices of last four days including today has steered the company to lose a little over Rs 96,000 crore in m-cap.

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