RIL shares fall; biggest drag on index
NEW DELHI: A day after Delhi Police arrested seven people, including government employees and a former journalist, whom they said ran a scam to steal official documents from India’s oil ministry and sell them to energy consultants and large private companies, shares of Reliance Industries Limited fell by 3.4 percent.
Reliance was the biggest drag on the NSE index, Thomson Reuters data showed.
It also looked that shares of the energy-to-telecoms conglomerate was heading for their biggest daily fall since Jan6.
This comes despite the Delhi police not revealing any names, but an official at Reliance Industries said the company had learned one of its officials had been detained.
The Reliance official said the company was unaware of any other details and was conducting an internal probe, Reuters reported.