Introduction

Employees at Reliance Retail Limited resorted to selling their shares in unofficial markets. This meant that some lucky folks who weren't employees snagged these coveted shares. In 2019, people were willing to buy the shares at 500 rupees a pop in the unofficial market. At a mind-boggling P slash E multiple of 200. Basically, for every rupee of profit that the company made per share, investors were willing to pay 200 rupees to get their hands on it.