Reliance Industries stock down after consolidation of media, distribution business announcement

NEW DELHI: Reliance Industries Ltd (RIL) stock was on Tuesday trading marginally lower by 0.8 per cent after the company announced the consolidation of all its media and distribution businesses under one umbrella brand ‘Network18’.

However, shares of the three consolidated companies namely Hathway Cable & Datacom, Den Networks and TV18 Broadcast traded in the green gaining up to 20 per cent.