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Mukesh Ambani’s Reliance Industries Slides 30% From Record High
Shares of billionaire Mukesh Ambani-controlled Reliance Industries Ltd. marked their worst start to the year since 2008.
09 Mar 2020, 06:46 PM IST
India’s largest company by market capitalisation lost close to a third of its value from its record high in December as the coronavirus outbreak, possible delay in deleveraging and unfriendly tax proposals weighed on its mainstay energy and telecom businesses.Shares of billionaire Mukesh Ambani-controlled Reliance Industries Ltd. also marked their worst start to the year since 2008. The oil-to-telecom conglomerate’s stock has decline...
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