RIL shares worth Rs. 50K cr change hands on BSE

Reliance Industries shares worth over Rs 50,000 crore changed hands on the BSE on Thursday, days after the company announced major shareholding rejig among its promoter group entities.

As per the BSE website, the total traded shares were about Rs 51,000 crore till mid session, much higher than the average trade value of the stock.

Nearly 40 crore shares were traded as against the 2-week average quantity of less than 11 lakh. The stock closed at Rs 1,287.35 on the BSE, down 0.35 per cent from the previous close. During the intra-day trading session, the stock had hit a low of Rs 1,281.70 and touched a high of Rs 1,298. It had opened at Rs 1,289.80. Reliance Industries Ltd (RIL) on March 2 announced that as many as 15 promoter group entities of the company will transfer 118.99 crore shares to eight other promoter group entities at Rs 1,100.78 per share.