Reliance Industries denies acquisition of stake in Cipla Ltd

With reference to the news item appearing in a leading financial daily titled "Ear to ground - Large dose" regarding the Company may acquire a stake in Cipla Ltd, Reliance Industries Ltd has clarified that the Company does not comment on speculative media reports.

The Company keeps on evaluating growth opportunities. The Company shall intimate the Stock Exchange, shareholders & Media about any domestic or international acquisitions.

The stock was trading at Rs.1686.45, down by Rs.0.90 or 0.05%. The stock hit an intraday high of Rs.1705.95 and low of Rs.1671.15. The total traded quantity was 754929 compared to 2 week average of 677726.

Source : Equity Bulls

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