Monday, November 29, 1999

Reliance Natural shares fall 9.5 pct

News posted by www.newsinfoline.com

Shares in Reliance Natural Resources fell as much as 9.5 per cent on Monday morning, extending Friday's 23 per cent tumble after the country's top court delivered a verdict against the company in a gas dispute with Reliance Industries.The Supreme Court on Friday ordered the two companes to renegotiate within six weeks a private natural gas supply contract between Mukesh Ambani's Reliance Industries and the younger Anil's Reliance Natural Resources.At 9:31 a.m., Reliance Natural Resources was down 8.2 per cent at Rs 48.40 , while main stock index rose 4 1.4 per cent.

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