• search

REVL lists at Rs 48.90 on NSE, drops later

Written by: Staff

Mumbai, Feb 24 (UNI) Reliance Energy Ventures Ltd (REVL), an Anil Dhirubhai Ambani Group (ADAG) company, made its debut on the bourses today.

REVL's Rs 10 share opened at Rs 48.90 on the National Stock Exchange (NSE) and dipped to a low of Rs 42.85 and was trading at Rs 44.20 at 1136 hours. The volumes were high with 96.96 lakh shares traded so far on the NSE.

On the Bombay Stock Exchange (BSE), REVL, demerged from Mukesh Ambani-led Reliance Industries, opened at Rs 45.7 and touched a high of Rs 46 and a low of Rs 42.9.

It was trading at Rs 44.35 at 11.51 hrs with 60.81 lakh shares traded on the BSE.

As a part of restructuring process presently on in the Anil Dhirubhai Ambani group (ADAG), REVL has announced it will be merging with Reliance Energy Ltd.

''Sooner or later REVL will be delisted and for every 100 RCVL shares one will get seven Reliance Energy shares if they don't sell,'' a leading BSE broker said.


For Daily Alerts

For Breaking News from Oneindia
Get instant news updates throughout the day.

Notification Settings X
Time Settings
Clear Notification X
Do you want to clear all the notifications from your inbox?
Settings X
We use cookies to ensure that we give you the best experience on our website. This includes cookies from third party social media websites and ad networks. Such third party cookies may track your use on Oneindia sites for better rendering. Our partners use cookies to ensure we show you advertising that is relevant to you. If you continue without changing your settings, we'll assume that you are happy to receive all cookies on Oneindia website. However, you can change your cookie settings at any time. Learn more