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RNRL shares fall 9.5%

RNRL shares fall 9.5%
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First Published: Mon, May 10 2010. 09 42 AM IST
Updated: Mon, May 10 2010. 09 42 AM IST
Mumbai: Shares in India’s Reliance Natural Resources fell as much as 9.5% on Monday morning, extending Friday’s 23% tumble after the Supreme 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 am (0401 GMT), Reliance Natural Resources was down 8.2% at Rs48.40.
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First Published: Mon, May 10 2010. 09 42 AM IST