Cable TV

Reliance Communications lists on BSE and NSE

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MUMBAI: Reliance Communications Ventures Ltd. (RCVL), a member of the Reliance - Anil Dhirubhai Ambani group was listed on the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE) today.

Reliance Communications Ventures Ltd. has four companies under its umbrella - Reliance Communications Ventures Ltd., Reliance Natural Resources Ltd., Reliance Energy Ventures Ltd. and Reliance Capital Ventures Ltd.

The birth of Reliance - ADAG has created a value of Rs 7,000 crore ($ 16 billion) for over two million Reliance shareholders.

This completes the listing of all foir Reliance - ADAG companies arising from the demerger of Reliance Industries Ltd. (RIL), in a record time of less than four weeks from the date Reliance - ADAG received control of these companies.

Reliance - ADAG has emerged among the top three business houses in the country, on all major financial and operational parameters:

Net Worth of Rs 250 billion ($ 6 billion)
Operating profit of over Rs 50 billion ($ 1.1 billion)
Market capitalisation of over Rs 860 billion (nearly $ 20 billion)
Over 25 million customers
Over eight million shareholders

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