Hi,
Today the Reliance got split formally.
But, I could not understand this part: Anil said a shareholder of RIL who holds, say, 100 shares will get 5 free shares of Reliance Capital Ltd, 7 free shares in Reliance Energy, and 100 free shares in both unlisted Global Fuel Management Services Ltd (GFMS) and Reliance Communications Venture Ltd. RIL has a shareholder base of 23 lakh.
I got this info at: http://www.indianexpress.com/full_story.php?content_id=75636
Can somebody tell me what this means?
I have shares of RIL. So, will I also get the shares of Reliance Capital, Reliance Energy, Reliance Communications Venture Ltd and GFMS?
Please do clarify?
Regards,
Narendra
Today the Reliance got split formally.
But, I could not understand this part: Anil said a shareholder of RIL who holds, say, 100 shares will get 5 free shares of Reliance Capital Ltd, 7 free shares in Reliance Energy, and 100 free shares in both unlisted Global Fuel Management Services Ltd (GFMS) and Reliance Communications Venture Ltd. RIL has a shareholder base of 23 lakh.
I got this info at: http://www.indianexpress.com/full_story.php?content_id=75636
Can somebody tell me what this means?
I have shares of RIL. So, will I also get the shares of Reliance Capital, Reliance Energy, Reliance Communications Venture Ltd and GFMS?
Please do clarify?
Regards,
Narendra