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What are the impacts of Reliance Industries Limited's (RIL) dividend policy on its share price performance? What is the relevance of dividend theory for RIL?

What are the impacts of Reliance Industries Limited's (RIL) dividend policy on its share price performance? What is the relevance of dividend theory for RIL? Is RILs market performance guided by its dividend policy? What quantum effect does a dividend policy have on a companys share price in a long period? Is dividend irrelevance theory is evident in RILs case?

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