RIL shares fall amid overall weakness, despite Silver Lake investment news

Mumbai: Shares of Reliance Industries, the parent company of Reliance Jio, saw its shares drop by 0.91% to Rs 1453.70 on early morning trading hours on BSE on Monday, in line with a broader market selloff.

The drop came despite news that US private equity firm Silver Lake will invest Rs 5,655.75 crore in Jio Platforms for a 1.15% stake at an equity value of Rs 4.90 lakh crore.

The benchmark Sensex plunged by more than 4% in Monday morning trading hours.