Reliance Shares Tumble Over 8.64%; Mukesh Ambani's Net Worth Sheds $5 Bn

Reliance's shares on November 2 fell almost 8.64%, causing Mukesh Ambani to lose over $5 billion from his net worth. Besides, the company's quarterly profit stood at $1.3 billion, registering a 15% decline. The fall can be attributed to the drop in demand in the oil-sector. Currently, the Asia's richest man is planning to reduce the company's dependency on its oil-and-petrochemicals wing and expand technology and digital services division.