The stock was sold by Petroleum Trust — a promoter unit of Mukesh Ambani Group’s flagship company — at Rs 1,035 per share, to and the money will accrue to Reliance Industrial Investments & Holdings, a wholly-owned RIL subsidiary, the company said. “The financial impact will be reflected in the consolidated financial statements of the company,” it added. According to sources RIL has sold shares in the open market to the state run LIC of India.
With this, RIL has sold the company shares held by the Petroleum Trust for the second time.
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