RIL share ends lower despite S&P’s thumbs-up to firm’s credit quality
Shares of Reliance Industries closed 1.2% lower today after S&P Global Ratings said that the Mukesh Ambani led firm’s sizable proceeds from asset monetisation over the past four months should significantly improve its credit quality.
“RIL’s deleveraging could exceed our expectations, given the extent and magnitude of its asset monetisation,” the rating agency said. RIL share price has fallen after 2 days of consecutive gain.
RIL shares fell even as Saudi Aramco said it was still working…