RIL shares decline over 2% after delayed Jio phone launch

NEW DELHI: Shares of Reliance Industries Ltd on Monday slipped more than 2 per cent after Jio delayed the launch of its ultra-low-cost smartphone, possibly due to semiconductor shortages that the industry is facing.

The market heavyweight declined 2.25 per cent to Rs 2,370.85 on BSE.

At NSE, it went lower by 2.25 per cent to Rs 2,371.

Jio has delayed the launch of its ultra-low-cost smartphone it is developing with Google, to Diwali, possibly due to semiconductor shortages that the industry is facing.

JioPhone Next was previously slated to be launched on Friday (September 10).