Reliance Industries shares may come under pressure after Jio launch
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Reliance Industries (RIL) in its 42nd Annual General Meeting announced the much-awaited launch of Reliance Jio on September 5. Chairman Mukesh Ambani announced the there will be no charges on voice calls and roaming within India will remain free for customers. He further declared cheaper data tariffs for Jio customers. The company has further announced free welcome offer for customer from September 5 till December 31. “Jio is dedicated to PM Modi’s Digital India dream,” said Chairman Mukesh Ambani.
After the speech of Ambani, shares of Reliance Industries were trading 0.85 per cent down at Rs 1049. The scrip opened the day at Rs 1053.90 and has touched a high and low of Rs 1072.55 and Rs 1050.10, respectively, in trade so far. Benchmark BSE Sensex was down 9.92 points at 28,442.25.
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