Reliance Industries' CFO to sell 2.25 lakh RIL shares; gift another 1.25 lakh shares

22 Sep 2022 , 08:11 AM

Reliance Industries, owned by Mukesh Ambani, disclosed that Alok Agarwal, the conglomerate’s chief financial officer, plans to sell 2.25 lakh Reliance Industries’ shares and give another 1.25 lakh shares in the upcoming year.

Agarwal wants to execute the trade between May 10, 2023, and August 31, 2023, according to the trading plan submitted by the corporation under insider trading regulations.

Agarwal would give away 1.25 lakh RIL shares between May 10 and May 31 and sell an additional 1 lakh shares. He omitted to list the gift’s beneficiary in the exchange file.

He will thereafter sell an additional 1.25 lakh shares of the company between August 10-31.

The shares of RIL have increased more than 4% so far in 2022.

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