RIL shares hit 6-month low, close below Rs 800 level

Tags: News
Shares of Reliance Industries, the owner of the world's largest refining complex, today fell nearly 2 per cent on bourses, closing below the Rs 800 mark for the first time since August 2013.

RIL's scrip ended 1.39 per cent lower at Rs 799.25 on the BSE. During the day, it had lost 2 per cent to touch Rs 794.

At the NSE, the stock settled at Rs 797.30, down 1.65 per cent from its previous close.

Meanwhile, renewing its attack on RIL chairman Mukesh Ambani, the Aam Aadmi Party (AAP) yesterday alleged that some of his Reliance Group companies were involved in money laundering in connection with investments by a Singapore-based firm.

AAP leader and senior advocate Prashant Bhushan also alleged that the UPA government did not even bother to investigate the matter and "showered one benefit after another" on Mukesh Ambani.

Reliance Industries rejected Bhushan's allegations that the FDI investments in some of its companies by the Singapore-based company Biometrix are "laundered monies" invested in this country.

In a statement, it said the allegations are highly "defamatory, false, irresponsible" and devoid of any merit or substance whatsoever.

These "false and baseless" allegation are being repeatedly made in the media and in judicial proceedings and have been already responded to, it said, adding an "orchestrated, politically motivated" campaign is being fuelled against Reliance Industries.

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