Hi All,
I need some update on Reliance Demerger.
What does the RIL shareholder get? I am quoting the following from a article posted in Rediff.
Now My concerns are following (I had 18 RIL shares prior to demerger):
1. How many shares should I have now (I recieved 18 shares of Reliance Communications Ventures Ltd, 18 shares of Reliance Capital Ventures Ltd, 18 shares of Reliance Energy Ventures Ltd and 18 shares of Reliance Natural Resources Limited)?
2. Do I still hold the 18 RIL shares or are they now invalid?
3. Do I get any shares of Global Fuel Management Services Ltd.?
4. Do I get any shares of Reliance Energy and Reliance Capital?
Kindly Help.
Regards,
Sanjoy
I need some update on Reliance Demerger.
What does the RIL shareholder get? I am quoting the following from a article posted in Rediff.
The Reliance shareholder will continue to hold the same number of shares he holds today. In addition, he would receive additional shares of the new demerged entities, as per the demerger ratio.
All RIL shareholders will be issued shares of the demerged companies in a 1:1 ratio. So if a shareholder holds 100 Reliance Industries shares he would get:
100 shares of Reliance Communications Ventures Ltd, 100 shares of Reliance Energy Ventures Ltd (REVL), 100 shares of Reliance Capital Ventures Ltd (RECL) and 100 shares of Global Fuel Management Services Ltd.
With REVL being amalgamation with Reliance Energy and RECL with Reliance Capital -- following a board decision -- RIL shareholders will thus receive shares of REL and Reliance Capital based on an earlier approved independent swap ratio.
The ratio approved is 7.5 shares of Reliance Energy for 100 shares of REVL held and 5 shares of Reliance Capital for 100 shares of RECL held.
All RIL shareholders will be issued shares of the demerged companies in a 1:1 ratio. So if a shareholder holds 100 Reliance Industries shares he would get:
100 shares of Reliance Communications Ventures Ltd, 100 shares of Reliance Energy Ventures Ltd (REVL), 100 shares of Reliance Capital Ventures Ltd (RECL) and 100 shares of Global Fuel Management Services Ltd.
With REVL being amalgamation with Reliance Energy and RECL with Reliance Capital -- following a board decision -- RIL shareholders will thus receive shares of REL and Reliance Capital based on an earlier approved independent swap ratio.
The ratio approved is 7.5 shares of Reliance Energy for 100 shares of REVL held and 5 shares of Reliance Capital for 100 shares of RECL held.
1. How many shares should I have now (I recieved 18 shares of Reliance Communications Ventures Ltd, 18 shares of Reliance Capital Ventures Ltd, 18 shares of Reliance Energy Ventures Ltd and 18 shares of Reliance Natural Resources Limited)?
2. Do I still hold the 18 RIL shares or are they now invalid?
3. Do I get any shares of Global Fuel Management Services Ltd.?
4. Do I get any shares of Reliance Energy and Reliance Capital?
Kindly Help.
Regards,
Sanjoy