Shares hit 6-month low, close below Rs. 800 level

Rejecting allegations of money laundering, Reliance Industries, on Friday, said the investment made by Biometrix was from loans raised from the Singapore branch of ICICI Bank.

Biometrix investment

Circulating what it said were disbursement notices issued by the Singapore Branch of ICICI Bank to Biometrix to cover the entire amount

investment by the firm in Indian entities, RIL said “unacceptable controversy and disrepute” has been inflicted on it by false and defamatory allegations. In a statement, the company said AAP leader Prashant Bhushan had made “false and baseless allegations” against it in proceedings filed in November, 2012, in the Delhi High Court. “These allegations have been appropriately responded to, and the disbursement notices of ICICI Bank have been placed on record,” it said. “Reporting Mr. Bhushan’s selective leaks of old information already residing in judicial proceedings is misleading global public at large and defaming and maligning our corporate reputation.”

Shares hit 6-month low

Shares of Reliance Industries, the owner of the world’s largest refining complex, on Friday fell nearly 2 per cent on bourses, closing below the Rs 800 mark for the first time since August 2013.

RIL’s scrip ended 1.39 per cent lower at Rs 799.25 on the BSE. During the day, it had lost 2 per cent to touch Rs 794.

At the NSE, the stock settled at Rs 797.30, down 1.65 per cent from its previous close.

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