|Base Tariff Details||Top Up Cards|
|Customer Experience Pack||How to Buy|
Shareholding Pattern of RIL and RPL
The Reliance Industries Limited (RIL) board will meet on March 2 to consider merger with Reliance Petroleum Limited (RPL). RIL, India’s largest private sector enterprise, will issue about 34-crore additional equity shares of market value of approximately Rs 11,000 crore. Earlier, RIL had sold 4% stake in RPL taking its stake down to 71%.
The value of RPL’s assets has been put at Rs 21,000 crore by industry consultants and ChemSystems, a firm providing support in the field of petroleum, chemical, and petrochemical industries. The company offers data, analysis, forecasts, training and planning tools to improve understanding and planning in the areas of energy and chemicals.
The merger would result in accretion of Rs 1,300 crore to RIL’s net profit. Post-merger, the equity shareholding of the promoters in RIL would come down from the current 44% to 34%.
RIL’s shareholding pattern:
RPL’s shareholding pattern:
Meanwhile, Chevron has confirmed a 5% sale in RPL to RIL. Chevron cited low global demand for refined products attractive and investment alternatives for stake sale as the principal reasons for selling its interest in RPL. The sale is subject to completion of appropriate documents and the approval of the Reliance board, it said.
Visited 2264 times, 1 so far today
CommentsFor better response, post your questions, complaints, job enquiries in forum
Click here to go to Reliance Forum