RELIANCE · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Reliance Industries has issued a formal statement strongly rejecting recent media reports that alleged the company purchased crude oil of Iranian origin. The company described these claims as 'entirely baseless, factually incorrect, and misleading.' It urged media outlets to verify facts before publication and to refrain from spreading unsubstantiated reports that could mislead stakeholders. The statement was signed by Savithri Parekh, Company Secretary and Compliance Officer, and was shared with BSE, NSE, Luxembourg Stock Exchange, and Singapore Exchange.
The denial addresses potentially serious allegations involving sanctions-sensitive Iranian crude oil, which could have regulatory and reputational consequences. Investors should watch for any follow-up from regulators or media, but the company's firm rebuttal may help limit short-term stock price disruption.