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Reliance Founders Lift Stake by Most Since 2019 as Stock Slumps

Bloomberg Markets Friday 17 July 2026, 11:38 UTC By Samie Modak 1 min read
Key Points

Reliance Founders Lift Stake by Most Since 2019 as Stock Slumps Reliance Industries Ltd. founders, led by billionaire Mukesh Ambani, raised stake in the Indian oil-to-telecom conglomerate by the most in nearly seven years following the stock’s prolonged slump in the wake of the US-Iran war. The founder group’s ownership climbed 48 basis points sequentially, the most since Sept. 2019, to 50.48% at end-June, according to the company’s shareholding data published on stock exchanges Friday....

Reliance Founders Lift Stake by Most Since 2019 as Stock Slumps Reliance Industries Ltd. founders, led by billionaire Mukesh Ambani, raised stake in the Indian oil-to-telecom conglomerate by the most in nearly seven years following the stock’s prolonged slump in the wake of the US-Iran war. The founder group’s ownership climbed 48 basis points sequentially, the most since Sept. 2019, to 50.48% at end-June, according to the company’s shareholding data published on stock exchanges Friday. Reliance shares rose 2.4% in Mumbai trading — their best day in over a month — ahead of its quarterly earnings announcement.
Stock Slumps Reliance Industries Ltd. (ORG) Mukesh Ambani (PERSON) Indian (ORG) US (LOCATION) Reliance (ORG) Mumbai (LOCATION)
Originally published by Bloomberg Markets Read original →

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