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RNRL- RIL Case: Verdict in favour of Reliance Industries Limited

The verdict in the RNRL- RIL Reliance case is out. The Supreme Court of India has ruled in favour of Reliance Industries Limited RIL by 2:1.

The case deals deals with the supply of gas from the Krishna-Godavari basin between the Ambani brothers, Mukesh Ambani’s Reliance Industries (RIL) and Anil Ambani’s Reliance Natural Resources (RNRL).

As a result of the verdict shares in Reliance Industries rose 4 percent, while Reliance Natural shares plunged 18 percent.

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