|
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
|
