Since 3 November, RIL has fallen 6%, its biggest slump since November 2016. Photo: iStockMumbai: Shares of Reliance Industries Ltd, India’s most valued company, declined over 6.5% this week, its biggest drop in a year, tracking a fall in the local equity markets. RIL closed at Rs883.50 a share, down 2% from its previous close, while India’s benchmark Sensex Index rose 0.1% to 33,314.56 points. Since 3 November, RIL has fallen 6.51%, its biggest slump since November 2016. “The cash outflow for capital spending will remain high as payments to creditors for past capital expenditure are made over the next 12-18 months.

Source: Mint November 10, 2017 10:16 UTC