Thread: RIL-RPL merger

Mukesh Ambani-controlled Reliance Industries Limited (RIL) and Reliance Petroleum Limited (RPL) have been merged into one entity.

The boards have decided the swap ratio at 1:16, which implies that RPL shareholders will get one RIL share for every 16 shares held in RPL. RIL has decided to extinguish its treasury stock.

The merger ratio is slightly in favour of RPL and RIL said the merger will be effective from April 1, 2008.

Commenting on the amalgamation, Reliance Industries Chairman and Managing Director Mukesh Ambani said, "The merger follows enduring philosophy of creating shareholder value." He added the merger will be EPS accretive and that RIL will issue 6.92 crore shares to RPL shareholders.

As a reaction to the news, the two Reliance stocks opened in red at the

Source : Moneycontrol

Trick behind this : Biggest scam by Mukesh Ambani - RPL IPO @ 60 he sold at 230 then will force public back to sell again at 60 - Public been cheated Mukesh ambani worth has grown RPL refinary on public money for free..... "JAGO GRAHAK JAGO"..... Nobody is taking any action including SEBI,BSE, Grieviance Cell. Few Days back Finance Minister Pranab Mukherjee himself told that there is manipulation in RPL share.....but no action taken???...........Not shown even in print media....???? Why ??? Every body's mouth was shut by Rupees???

any one holding RPL here.....my pa having 190

even my grandparents & dad ve got some of RIL .....dunno wht next.....!

thy surely kno how to play games...... n control the situations .....wid money!

well its not a matter for the RIL shares holder, its for RPL. the whole preocess takes plcae months & even after that sometimes some ppl holding shares (RPL in this case) will not get the promised (RIL in this case) shares after merger takes place. its always paintful experience of the markets. SEBI is Dumb A*S. the whole point is like, they are forcing the RPL share holders to see the RPL, so as to get some RIL.