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RPL shares trading to be suspended from Sept 25

September 16, 2009 · Filed Under Reliance Petroleum · Comment 

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Mukesh Ambani group company Reliance Petroleum today said the its scrip will be suspended from trading on bourse with effect from September 25 pursuant to its merger with another group firm Reliance Industries.

“The equity shares of Reliance Petroleum shall be suspended with effect from September 25 on account of the scheme of amalgamation with RIL,” RPL said in a filing to the National Stock Exchange.
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Reliance Petroleum reported Rs 105 cr profit in Q1

July 24, 2009 · Filed Under Reliance Petroleum · Comment 

Mukesh Ambani-promoted Reliance Petroleum (RPL) today reported a net profit of Rs 105 crore for the first quarter ended June 30, 2009.

Total income of the company was Rs 7,646 crore in the quarter. It started commercial production on March 15, 2009.

The total expenditure during the quarter amounted to Rs 7,425 crore, RPL said in a statement, adding the total capital employed by the company is Rs 34,693 crore.
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Reliance Petro sells short-term debt

May 15, 2009 · Filed Under Reliance Petroleum · Comment 

Reliance Petroleum, a unit of India’s largest energy group, Reliance Industries, on Friday raised 5 billion rupees ($101 million) through the sale of short-term debt, two sources with knowledge of the deal said.

The company sold three-month notes at a coupon rate of 3.95 percent, they added.

Edelweiss Securities was the sole arranger to the issue, which closes on Friday.
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SEBI issues showcause notice to Reliance Petroleum

May 4, 2009 · Filed Under Reliance Petroleum · 1 Comment 

Market sources have reported that the Securities and Exchange Board of India (SEBI), following the completion of its investigation, has issued a showcause notice to Reliance Petroleum for alleged insider trading and violation of the Fraudulent and Unfair Trade Practices (FUTP). The regulator does not put out its showcause notices in the public domain. But CNBC-TV18 has learnt that a formal showcause notice has indeed gone to the company. CNBC-TV18’s Vivek Law reports.
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Global Investment House made 70% IRR On Reliance Petro Pre-IPO

April 27, 2009 · Filed Under Reliance Petroleum · Comment 

Tags: Reliance petro share price, Reliance petroleum, Reliance petro, Reliance petroleum limited, Reliance petroleum india, Reliance petroleum industries,Reliance petroleum shares,Stock trading, Stock quotes, Stock trading,Buy stocks.

The fund was one of the top 10 investors along with Chevron, Deutsche Bank, Citigroup, and Fidelity.

Global Capital Management, the private equity arm of Kuwait-based Global Investment House, has said that Global Opportunistic Fund II (GOF II) has made significant gains through the sale of shares in Reliance Petroleum Ltd in India.
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CRISIL assigned P1+ rating to RPL

April 27, 2009 · Filed Under Reliance Petroleum · Comment 

Tags: Reliance petroleum shares,Reliance petroleum,Reliance petroleum limited,Reliance petroleum india,Credit rating,Reliance petroleum industries.

Credit rating agency, CRISIL has assigned its rating of P1+ to the commercial paper program of Reliance Petroleum (RPL), and has reaffirmed its outstanding P1+ rating on the company`s bank facilities.

For arriving at the rating, CRISIL has combined the financial and business profiles of RPL (Q, N,C,F)* with Reliance Industries (RIL), and other group and associate companies, which are strategically important to, and have a significant degree of operational integration with, RIL and RPL.
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RIL-RPL merger is one of the largest M&A deal for Indian Business

March 3, 2009 · Filed Under Reliance Industries, Reliance Petroleum · Comment 


The all-share merger deal valued at about Rs 8,500 crore between the two Mukesh Ambani group firms, RIL and RPL, has become probably the 10th-biggest ever for the country and the first billion-dollar deal this year.

As per the merger deal approved by the boards of Reliance Industries and Reliance Petroleum, shareholders will get one RIL share for every 16 RPL shares - resulting into issuance of 6.92 crore new shares by RIL.
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RIL-RPL merger confirmed: Swap ratio at 1:16

March 2, 2009 · Filed Under Reliance Industries, Reliance Petroleum · Comment 

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.
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Reliance Board to debate RIL-RPL merger today

March 1, 2009 · Filed Under Reliance Industries, Reliance Petroleum · Comment 


India’s largest private sector company, Reliance Industries, controlled by the country’s richest man, Mukesh Ambani, holds a board meeting on Monday to discuss buying out the shares it does not already own in its main refinery unit.
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Important facts abouts RIL-RPL merger

February 28, 2009 · Filed Under Reliance Industries, Reliance Petroleum · 1 Comment 


The Reliance Industries Limited (RIL) board will meet on March 2 to consider merger with Reliance Petroleum Limited (RPL). The merger is effective retrospectively from April 1, 2001.

Highlights of the merger:

* Swap ratio of one RIL share for every 11 RPL shares

* Merger is effective retrospectively from April 1, 2001
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