RIL drops but group entities surge on consolidation move

Reliance Industries shares closed lower by 0.83 per cent on Tuesday after the company announced consolidation of its media and distribution businesses under flagship ‘Network18’.

RIL counter closed at Rs 1,466.10.

However, shares of the three group entities namely HathwayNSE 10.17 % Cable & Datacom, Den Networks and TV18 BroadcastNSE -1.73 % — which have been merged into Network18 posted smart gains.