RNRL debuts on stock markets at Rs 17.50

Mumbai, Mar 01: Reliance Natural Resources Limited (RNRL) made its debut on the stock markets today (Mar 01, 2006).

RNRL's Rs five share opened at Rs 17.50 on the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE), and touched a high of Rs 30 in the trading so far.

RNRL saw huge volumes with more than three crore shares changing hands on the NSE.

It was trading at Rs 18.65 around 1320 hrs.

RNRL, formerly known as Global Fuel Management Services, is one of the four companies demerged from Mukesh Ambani-owned Reliance Industries.

RNRL was transferred Mukesh's younger brother Anil Ambani, as a part of the division of the business empire of late Mr Dhirubhai Ambani.

UNI