Hi to all of you
Well, I hold 68 shares of Reliance Energy. So, I am confused as to how many shares of Reliance Power will be alloted to shareholders of REL.
Some, six months back RPL have applied for Face Value of Rs. 2 But now its Rs. 10
As per my gathered info, Anil Ambani holds 508 crore shares of Reliance Power in all. REL have got 24 crores shares in all.
Thus,
24 REL equals 508 RPL
So, 1REL
≈ 22 RPL
But I think that there's something wrong in the story.
Think!!!!
1 REL = Reliance Energy Holdings + Reliance Power Holdings
Now even if the issue price of RPL is arrived @ 405 Then
1 REL = Reliance Power Holdings + (22 * 405 )
= Reliance Power Holdings + 8910
What!!!!!!!!!!!!!!!!!!!!!!!!
1 REL = 8910+++
is it possible
Please Help me.
Amit Kinkar