Yuppie, here is the latest news informed for you guys, Reliance Jio sim card offer extension for next 3 months. Hasn’t this great news guys, people will take somewhat breath taking and use the internet offers for the next months. Today Reliance industries CEO Mukesh Ambhani had announced the news of Reliance Jio sim card offer extension. This affected the other telecommunication service providers. Approximately 3000 crores are being affected by the report made by Ambhani on 1st December 2016.
Actually the official announcement for the extension of the reliance Jio 4g Sim was likely to be announced in the month of December 2016 last week. Any way the speech made by the Reliance JIO CEO caused the downfall of stocks for the leading telecommunications. The effect was as drastic as there were about 3000 crores are being effect fundamentally which was a huge loss for the Airtel, Aircel, Vodafone and Idea. The Reliance Jio sim card offer extension was made till 31st December 2016. After the effect of demonetisation of Money by Modi ji Reliance had given a heavy Blow for the telecommunication providers.
Bharati Airtel has lost 1.66 percent shares; idea has lost 5.93 percent and RCOM 5.05 percent. With the huge losses Reliance JIo had Gained 1 percent profit. As Airtel stocks begins this day with Rs 324 and after the Speech of Mukesh it reduced to Rs 318.3 which results in the loss of Rs 2,276 Crores.
Similarly idea is holding 76.60 share value and after the Ambhani speech it reduced to Rs 74.20 and the loss is avg Rs 792 crores.