RIL counter witnesses 3rd block deal of the month

MUMBAI: Shares of Reliance Industries ( RIL) witnessed the third block deal of the month in which around 38.48 crore shares worth Rs 50,000 crore of the company changed hands on the BSE on Monday.

This is a part of the recent moves to restructure holdings of the energy-to-telecom conglomerate. Entities owned by promoters led by Mukesh Ambani -Kankhal Trading, Adisesh Enterprises, Pitambar Enterprises, Rishikesh Enterprises, Pavana Enterprises sold the shares; while Srichakra Commercials, Tattvam Enterprises bought 38.48 crore shares, or 12%, of India's second-most valuable company's equity.

Earlier on March 15 and March 9, RIL witnessed two block deals in which about 12.2% stake of the company changed hands.