Regarding RIL

[ssnkumar]

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

 

[4candles]

Even i am curious to know & would like to add - What about thhose who hold less tahn 100 shares in reliance industries
regards
murali

 

[ssnkumar]

Right now lot of confusion regarding this!
Initially, it was told, only with 100 shares of RIL, you can get FREE shares of the 4 other companies.
Today, I read that, all shareholders of RIL will get FREE shares!

So, I think the things are not yet clear.

I think experienced people like Traderji can give a clear view on this.

I request TRADERJI to please clarify and show us light regarding this RIL shares.

Thanks,
Narendra