New Delhi, July 17 -- The promoters of Reliance Industries Ltd (RIL), India's most valuable company by market capitalisation, increased their stake during the June quarter, taking their holding to the highest level in more than seven years.

According to the latest BSE shareholding data, the combined stake of the promoter and promoter group rose to 50.5% at the end of the June quarter, up from 50% at the end of the March quarter.

The increase comes after the promoters' holding remained unchanged at 50% for three consecutive quarters and marks their highest ownership level since September 2019. The increase comes at a time when the company's shares are on track for their worst annual performance since 2011.

Among the promoters, Chairman ...