• search

REVL to list tomorrow

Written by: Staff

Mumbai, Feb 23 (UNI) More than 122.31 crore shares of Rs 10 value each of Reliance Energy Ventures Limited (REVL) will be listed on the stock markets tomorrow after its demerger from Reliance Industries Limited (RIL) on January 25.

As a part of restructuring process presently on in the Anil Dhirubhai Ambani group (ADAG), REVL has already merged with Reliance Energy Limited.

''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.

Reliance Energy today closed at Rs 612.55 on the Bombay Stock Exchange(BSE).

''Based on today's price of Reliance Energy, REVL will be listed around Rs 60-65 per share tomorrow,'' the BSE broker said.

REVL received listing approval on February 21 after the company filed information memorandum with the stock exchanges.

Another demerged ADAG company - Reliance Capital Ventures Limited (RCVL) was listed on the Bombay Stock Exchange and the National Stock Exchange on February 21.


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