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Reliance Industries' Q4 net drops 39 pc at Rs 6,348 cr

Reliance Industries on Thursday reported a 38.7 per cent drop in fourth quarter net profit at Rs 6,348 crore on weak energy and petrochemical business.

Reliance Industries Q4 net drops 39 pc at Rs 6,348 cr

New Delhi

The company had posted a net profit of Rs 10,362 crore in January-March 2019.

Reliance announced a rights issue of Rs 53,125 crore, which it said was the biggest in India. The ratio would be 1:15 at a price of Rs 1,257.

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