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i bought Reliance pertroleum shares through IPO. Still i didn’t get share certificate. where to enquiry this
i applied for 500 shares in RPL ( RELIANCE PETROLEUM). but i got only 100 shares.. they refund the remaining amount ( this is the only proof of applying) where to enquire to know the details to get the share certificate???
please help out…
I don’t remember application number of Reliance power IPO. I have not received refund. How to track?
I do not remember the application number of Reliance power IPO, I have applied. I have not received refund yet. How to track? However I have been allocated 17 shares. But the refund of this has not been made. Is there any way to track my refund without know the application number?
If yes then how?
The Sensex opened 232 points higher at 11,635, following the surge in Asian markets this morning.
The index thereafter rallied smartly to a high of 11,965, up 562 points from the previous close.
The index is now up 506 points (4.5%) at 11,910.
Sterlite has zoomed 11% to Rs 455. HDFC has soared over 9% to Rs 1,893.
TCS has surged 8.5% to Rs 676. Hindalco, Tata Steel and Wipro have rallied 8% each to Rs 58, Rs 257 and Rs 356, respectively.
Continue Reading »»
Short-covering in several index-based stocks took the Bombay Stock Exchange (BSE) Sensitive Index, or Sensex, past 12,000 points today and also boosted gains to more than 50 per cent from the March 9 low. The Nifty also closed above 3,600 and is now expected to rally up to 3,740.
As expected, the rally was led by software giant Infosys Technologies, energy giant Reliance Industries (RIL), private-sector lender ICICI Bank and public sector bank State Bank of India (SBI). ICICI Bank and Infosys gained on short-covering, while RIL and SBI rose on fresh long build-up.
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Stock market analysts have maintained â€˜Sellâ€™ rating on Reliance Petroleum Limited (RPL) stock to achieve a target between Rs 155-157 today.
The investors are advised to sell the stock in order to avoid loss, as there are full chances of a downward trend in this stock. If the stock fell below Rs 160, it may see more weakness. Continue Reading »»
Anil Ambani-controlled Reliance Communications (R-Com) and African telecom giant MTN are expected to complete the due diligence process by tomorrow and move into the next stage of negotiations for the proposed alliance, sources said here today.
R-Com officials including Punit Garg, president of Reliance Globalcom, and S.P. Shukla, president (personal business), along with the company secretary and officials from the legal department are expected to return from London on Tuesday.
No formal discussions have taken place as yet on the equity swap ratio under the deal that will create the sixth largest telecom operator in the world. Talks on this contentious issue will begin later this week.
Over the weekend, R-Com president Anil Ambani along with other officials held meetings with Phuthuma Nhleko and MTN chief financial officer Rob Nisbet in London.
So far, both sides have been discussing the broad contours of the transaction. The buzz is that it will be a reverse takeover in which Ambani will swap a substantial part of his 66.12 per cent stake in RCom for a 34 per cent stake in MTN.
Sources said Ambani was not averse to R-Com becoming a subsidiary of MTN as long as he emerges the single largest stakeholder in MTN.
R-Com’s shares rose Rs 7.30, or 1.34 per cent, before closing at Rs 554.10 on the Bombay Stock Exchange.
Meanwhile, MTN shares declined 4.65 per cent after opening at Rand 141 and were trading at Rand 134.30 in the evening on the Johannesburg stock exchange
Source: . telegraphindia.com
Since the start of the buy back programme on March 25, the firm has so far bought back more than 35.56 lakh equity shares aggregating Rs 448.05 crore, it said in a statement.
Shareholders of the company have approved the buy back of the firm’s shares up to an aggregate amount of Rs 2,000 crore, the statement added.
Read more: http://economictimes.indiatimes.com/Market_News/Reliance_Infrastructure_buys_back_five_lakh_shares/articleshow/3103761.cms
“The stock swap is an option being considered at the moment,” said a Reliance official, on condition of anonymity.
His comments came after Indian newspaper the Economic Times reported that Indian minority shareholders could consider swapping their shares in Reliance, led by Anil Ambani, with MTN stock.
These shareholders would also have the option of selling their holding in the company by participating in an open offer from MTN, the official said.
In India, foreign companies can own up to 74 percent of domestic telecoms firms.
The Economic Times reported that the deal indicated Ambani would emerge as the largest shareholder of MTN, with Reliance as its subsidiary. The parties are trying to reach a deal on management control.
The official said talks between Ambani and MTN’s management could get more clarity by the end of the week.
If talks succeed, it could create a top-10 global telecoms player with 116 million subscribers across 23 countries.
MTN and Reliance announced this week that they were discussing a potential combination to “achieve a unique and global platform for exponential growth”.
Read more: http://www.busrep.co.za/index.php?fArticleId=4430233&fSectionId=552&fSetId=662
Today is the ex-date for Reliance Power bonus of 3:5. New F&O contracts will be issued today. F&O lot size fixed of 500 shares, options strike prices between Rs 10-1230.
Reliance Power has informed that the Register of Members & Share Transfer Books of the Company will remain closed from June 03, 2008 to June 05, 2008 for the purpose of Issue and allotment of Bonus shares.
Reliance Power clarification on eligibility criterion for Shareholders to receive Bonus Shares
“Reliance Power Ltd, on May 05, 2008, clarified and reiterated the eligibility criterion for shareholders entitled to receive the Bonus shares to be issued by the Company.
Reliance Power, the company with the worlds largest family of shareholders of 4.2 million, has made this announcement in response to several queries from and market participants, seeking clarification on the eligibility of shareholders for the purpose of issue of bonus shares.
All shareholders of the Company’s records hold as at the end of business hours on June 02, 2008, irrespective of whether such shares were subscribed by the shareholders in the Company’s Initial Public Offering (IPO) or such shares were purchased from the secondary market or otherwise after the IPO, shall be eligible to receive the bonus Shares.
As approved by the shareholders of the Company, Reliance Power will issue Bonus shares in the ratio of three new shares of Rs 10 each for every five existing equity shares of Rs 10 each held, to the public shareholders of the Company.
Read more: http://www.moneycontrol.com/india/news/market-news/ex-date-for-reliance-power-bonus35-today/09/32/340344