Creditworthy homeowners with enough cash to lock in near record-low interest rates and shorten the length of their loans are growing in number
BusinessWeek.com — Finance
Royal Bank of Scotland Group Plc plans to expand operations in China and rebuild its Asian equity capital markets unit after the workforce at its corporate and investment banking operations in the region dropped last year.
BusinessWeek.com — Finance
U.S. companies, earning more from investments in plants and labor than any time in the last decade, have yet to reap the benefits in their stock valuations
BusinessWeek.com — Finance
U.S. companies, earning more from investments in plants and labor than any time in the last decade, have yet to reap the benefits in their stock valuations.
BusinessWeek.com — Finance
Community banks backed by private- equity funds purchased at least two lenders, or a third of this week’s failures, as regulators shutter institutions weakened by the plunge in real-estate values.
BusinessWeek.com — Finance
Brevan Howard Asset Management LP “significantly reduced” risk last month in its $ 569 million equity hedge fund because of the unrest in the Middle East, a move that limited potential losses from the stock selloff in the aftermath of the Japan earthquake.
BusinessWeek.com — Finance
Ril Sells 4.01% of Rpl?s Equity for Rs.4,023 Crore to Maximize Overall Shareholder Value
{image}
Ril Sells 4.01% of Rpl’s Equity for Rs.4,023 Crore to Maximize Overall Shareholder Value
Free Online Articles Directory
ABAnswers
0 && $ .browser.msie ) {
var ie_version = parseInt($ .browser.version);
if(ie_version
via
Hello
Password
Lost ?
Home Page > Business > Ril Sells 4.01% of Rpl’s Equity for Rs.4,023 Crore to Maximize Overall Shareholder Value
Ril Sells 4.01% of Rpl’s Equity for Rs.4,023 Crore to Maximize Overall Shareholder Value
Edit Article |
Posted: Nov 24, 2007 |Comments: 0
|
Mumbai, Reliance Industries Limited (RIL) has sold 18.04 crore equity shares,representing 4.01% of the equity share capital of Reliance Petroleum Limited (RPL) out of its’ holding of 75%. The aggregate sale consideration is Rs4,023 crore.
After this sale, the shareholding of RIL in RPL is 70.99%.
RPL made an offering in May 2006 for 20% of its’ equity represented by 90 crore shares. This offering was
the most successful IPO until then with overall demand exceeding USD 32 billion.
The sale of RPL shares was conducted by transactions through the Stock Exchanges and has helped to
further broad base the shareholding pattern of RPL. The number of shareholders of RPL has increased from
12 lac shareholders at the time of IPO to 16 lac.
RPL is among the best performing stocks in the NIFTY index this year. It has, at current prices, provided a
return of 250% to its investors since the IPO.
The sale of shares monetizes only a very small portion of RIL’s holding in RPL.
Reliance Industries Limited
Reliance Industries Limited (RIL) is India’s largest private sector company on all major financial parameters
with turnover of Rs1,18,354 crore (US$ 27.23 billion), cash profit of Rs.17,678 crore (US$ 4.07 billion), net
profit of Rs. 11,943 crore (US$ 2.75 billion) and net worth of Rs. 63,967 crore (US$ 14.72 billion) as of
March 31, 2007. RIL is the first and only private sector company from India to feature in the Fortune Global 500 list of
‘World’s Largest Corporations’ and ranks amongst the world’s Top 200 companies in terms of profits. RIL
is amongst the 25 fastest climbers ranked by Fortune. RIL also features in the Forbes Global list of world’s
400 best big companies and in FT Global 500 list of world’s largest companies.
Reliance Petroleum Limited
Reliance Petroleum Limited (RPL), a subsidiary of RIL, is setting up a greenfield petroleum refinery and
polypropylene plant in a Special Economic Zone at Jamnagar in Gujarat. With an annual crude processing
capacity of 580,000 barrels per stream day (BPSD), RPL will be the sixth largest refinery in the world.
Retrieved from “http://www.articlesbase.com/business-articles/ril-sells-401-of-rpls-equity-for-rs4023-crore-to-maximize-overall-shareholder-value-266442.html”
(ArticlesBase SC #266442)
Watch your traffic increase just by submitting articles with us, click here to get started.
Liked this article? Click here to publish it on your website or blog, it’s free and easy!
Diapayan Mazumdar 2 -
About the Author:
Dipayan Mazumdar and Associates
J-1824 (LGF) Chittranjan Park
New Delhi- 110019
91-11-26270629
91-11-26273155
Email: [email protected]
Website: www.dmanewsdesk.com
Questions and Answers
Ask our experts your Business related questions here…
Ask
200 Characters left
I have 75k credit card debt & just sold my house to my son & daughter in law to pay off home equity loans so the house is no longer in my name; I sold it for fair market value.can i dec.bankrup?
Is there a definite debt- equity ratio that maximises firm value?
Can someone continue to get home equity loans to keep a lien against a property that was quitclaimed to someone else so the new owners cant sell it?
Rate this Article
1
2
3
4
5
0
Feedback
Re-Publish
Source: http://www.articlesbase.com/business-articles/ril-sells-401-of-rpls-equity-for-rs4023-crore-to-maximize-overall-shareholder-value-266442.html
Article Tags:
reliance petroleum limited, reliance industries limited, shares
Related Articles
Latest Business Articles
More from Diapayan Mazumdar 2
Reliance And The Lyondellbasell Deal: Catapulting Reliance As A Top Ranking Petrochemical Giant
The article uncovers the details behind the all-cash non-binding bid that Reliance made to buy a controlling stake in the sinking petrochemical giant LyondellBasell. Reliance liquidated a considerable number of treasury stock to support this bid.
By:
Amit Desail
Businessl
Feb 02, 2010
Reliance Industries Q3 net up 16% at Rs. 4008 crore
RIL has reported a 16% increase in net profit at Rs 4,008 crore for the third quarter ended December 31, 2009, when compared with Rs 3,462 crore in the third quarter ended December 31, 2008.
By:
Amit Patill
Businessl
Jan 22, 2010
Reliance Industries Ltd Had Another Quarter of Record Earnings
Net Profit increase by 31% to Rs. 7,467 crore (US$ 1.87 billion), Turnover increases by 9% to Rs. 64,692 crore (US$ 16.24 billion), Cash Profit increases by 20% to Rs. 10,223 crore (US$ 2.57 billion), Gross Refining Margin for 2Q FY 07-08 was at US$ 13.6 / bbl and for 1H FY 07-08 was US.5 / bbl
By:
Manu Dagarl
Businessl
Oct 18, 2007
Knowledge sharing barriers facing e-learners
Knowledge sharing barriers facing e-learnersKnowledge sharing barriers facing e-learners Knowledge sharing barriers facing e-learnersKnowledge sharing barriers facing e-learners
By:
Hussainl
Education>
Online Educationl
Nov 01, 2009
lViews: 424
De-regulating Insider Trading
Insider Trading has been touted as the single biggest factor subverting financial growth in emerging economies around the world. The article intends to break such myths by displaying the futility of having statutory regulations regarding insider trading as they have been ineffective.
By:
Partha Patil
Law>
Regulatory Compliancel
Aug 28, 2008
lViews: 1,318
Ril Turnover Exceeds Rs 100000 in Nine Months With Record Qtr Profit
Turnover exceeds rs. 1,00,000 crore in nine months for the first time
By:
Manu Dagarl
Businessl
Jan 17, 2008
lViews: 119
Ril Q3 Results Exceed Expectations
Reliance Industries Limited has reported a net profit of Rs.4,008 crore, which is a straight 14.48% increase from the same quarter in the previous year, wherein the net profit posted was Rs.3,501 crore for the quarter ending 31st December, 2009.
By:
Amit Desail
Businessl
Jan 28, 2010
How To Be An Expert Persuader Review-How To Be An Expert Persuader Review
Persuasion is definitely an art of comunication which could possibly be conveyed with many different forms of talking tactics. In organization negotiation ,the most widespread type of persuasion, you will need not only your persistence and to have something the other pary desires,but also the abilities to accumulate your pateners’ trust and very good will and get a great offer.
By:
MikeSelvl
Businessl
Mar 18, 2011
Creating an Effective Action Plan – Part 3 of 3
In this article, we look at a few loose ends in action plan creation, while preparing you to leap into action.
By:
Andy Grantl
Businessl
Mar 18, 2011
Chiropractor Vancouver
Fraser Chiropractic Group Corporation has won the Consumers Choice Award and community favor for the best Chiropractors in Vancouver.
By:
ezipressl
Businessl
Mar 18, 2011
Online Business Success That Can Be Achieved In A Simple And Effective Way
Do you want online business success? If you are a internet marketer or a network marketer looking to get results and succeed in your business, I have just the thing you need. Come and find out what it is here…
By:
Saqib Khanl
Businessl
Mar 18, 2011
Psychic Readings: Believing What We Want to Believe in
Since there are a lot of things we couldn’t explain in life, even science isn’t giving us the answers we are asking; might as well believe what you want to believe.
By:
Andrew Beenel
Businessl
Mar 18, 2011
Debt Collection Solutions – Collecting and Minimizing Costs
There is a growing army of debt collectors pursuing an increasing number of debtors who owe a growing amount of dollars. Complaints about debt collection practices and debt collection agencies are expected to rise perhaps by as much as 20 to 40%.
By:
BobbyBushnelisonl
Businessl
Mar 18, 2011
Mobile Results Blueprints, Make Easy Income With Phone Marketing And
Cellular Achievement Blueprints is often a brand name new training course that was developed by effective world wide web marketer, Dave Guindon. Dave is recognised like a ‘Super Affiliate marketing’.
By:
Raleigh Habeebl
Businessl
Mar 18, 2011
Jewellers Vancouver
Jewellers in Vancouver, J & M Coin & Jewellery Ltd, secure big win in Consumer Choice Awards.
By:
ezipressl
Businessl
Mar 18, 2011
Amcham Singapore Business Mission
AMCHAM Singapore Business Mission
Identifies the key to future success of India-Singapore economic partnership
By:
Diapayan Mazumdar 2l
Business>
International Businessl
Mar 17, 2011
New Lifecycle Service Agreement from Rockwell Automation Helps Customers Manage Obsolescence Challenges and Avoid Downtime
New contract assures support for obsolete Rockwell Automation products
Rockwell Automation has developed a support offering to minimize the risk associated with using older or discontinued Rockwell Automation products. The Lifecycle Service Agreement is an element of the comprehensive Lifecycle Management Services suite of offerings, designed to identify, mitigate and reduce automation obsolescence risk. The agreement helps manufacturers minimize the serious financial consequences that can occur
By:
Diapayan Mazumdar 2l
Automotive>
Classicsl
Mar 15, 2011
Leading Packaging Machine Builders Join Rockwell Automation PartnerNetwork Program
Leading Packaging Machine Builders Join Rockwell Automation PartnerNetwork Program Machine Builder Program members give Rockwell Automation customers access to best-in-class solutions with a global support network
By:
Diapayan Mazumdar 2l
Automotive>
Carsl
Mar 10, 2011
Rockwell Automation to Acquire Hiprom, a Leading Process Control and Automation Systems Integrator
Acquisition will accelerate growth in the Sub-Saharan region and the global mining and mineral processing industry
By:
Diapayan Mazumdar 2l
Automotive>
Classicsl
Feb 10, 2011
Rockwell Automation Streamlines Remote Services Options
TechConnect Support provides customers with holistic, customizable remote support for peace of mind, improved uptime
By:
Diapayan Mazumdar 2l
Automotive>
Classicsl
Feb 10, 2011
Montek signs US – India Energy Cooperation Program (ECP)
Montek signs US – India Energy Cooperation Program (ECP)
By:
Diapayan Mazumdar 2l
Business>
Business Ideasl
Nov 11, 2010
India to host the 3rd World Congress of Pediatric Surgery
For the first time in its history, India is honored and privileged to host the 3rd World Congress of Pediatric Surgery at Hotel Taj Palace, Convention Centre, New Delhi, from October 21-24, 2010 to share new scientific ideas with the pediatric surgical fraternity from the world.
By:
Diapayan Mazumdar 2l
Health>
Medicinel
Oct 09, 2010
Rockwell Automation and FANUC FA America to Collaborate on Integrated CNC and Programmable Automation Controller Environments
Companies to jointly develop integrated automation solutions for key vertical markets
By:
Diapayan Mazumdar 2l
Automotive>
Carsl
Sep 29, 2010
Add new Comment
Your :
Your Articles Here
It’s Free and easy
Sign Up Today
My Home
View/Edit Q&A
Personal
My Home
View/Edit Q&A
Author Box
Diapayan Mazumdar 2 has 84 articles online
Contact Author
Subscribe to
Print article
Send to friend
Re-Publish article
Articles Categories
All Categories
Arts & Entertainment
Automotive
Beauty
Business
Careers
Computers
Education
Finance
Food and Beverage
Health
Hobbies
Home and Family
Home Improvement
Internet
Law
Marketing
News and Society
Relationships
Self Improvement
Shopping
Spirituality
Sports and Fitness
Technology
Travel
Writing
Business
Agriculture
Ask an Expert
Business Ideas
Business Opportunities
Corporate
Customer Service
Entrepreneurship
Ethics
Franchise
Fundraising
Home Business
Human Resources
Industrial
International Business
Leadership
Management
Negotiation
Networking
Non Profit Organizations
Online Business
Organizational
Outsourcing
Presentation
Project Management
Public Company
Public Relations
Sales
Six Sigma
Small Business
Strategic Planning
Team Building
Training
Need Help?
Site Links
Mobile Version
Webmasters
Business Info
Use of this web site constitutes acceptance of the Terms Of Use and Privacy Policy | User published content is licensed under a Creative Commons License.
Copyright © 2005-2011 Free Articles by ArticlesBase.com, All rights reserved.
Feed
