Reliance Industries sitting on a Rs 90-crore loss in this smallcap stock

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Reliance invested Rs 413.28 crore in Ekta Kapoor-backed Balaji Telefilms in July 2017. The conglomerate purchased 25.2 million equity shares at Rs 164 each. However, since the purchase price of Rs 164, Balaji Telefilms has given RIL a negative return of 21.3% compared to its current market price of Rs 129.

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