Rare Indian Shares ( by Ashwani K Aggarwal ): Reliance Retail Shares -To Convert to RIL shares ( Ratio 4:1)

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December 31, 2019

Please click :-

https://economictimes.indiatimes.com/markets/stocks/news/reliance-retail-shareholders-may-challenge-ril-share-swap-at-nclt/articleshow/73026460.cms

Aggrieved Investors feel that if the Management is really worried about providing an Exit option to Reliance Retail shareholders then it should make the Swap Exercise Optional and Not Compulsory.

Let the shareholders of Reliance Retail decide themselves whether they want a swap with RIL shares or wish to sell their shares in the Unlisted market.

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OLD / ORIGINAL POST

4 Reliance Retail Shares = 1 Reliance Industries share

Please click :-

https://www.livemint.com/companies/news/reliance-retail-shareholders-to-get-ril-shares-in-a-share-swap-scheme-11577338337164.html

Reliance Retail shares ( Unlisted ) tumble after this offer :-

Please click :-

https://economictimes.indiatimes.com/markets/stocks/news/rils-swap-offer-wipes-out-50-value-in-reliance-retail-shares/articleshow/72980824.cms

It appears some shares of Reliance Retail are available, for Sale / Purchase ,,with Dealers of Rare Indian Shares (Please Recheck this ).

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.For the complete scheme , please click . the following link :-

https://www.ril.com/DownloadFiles/Retail/Scheme%20of%20Arrangement.pdf

It seems to be a Compulsory Reduction of Share Capital- Please Refer to Page 1,Para 6

Please , also ,refer to Page 3 Para 4 -It appears that this conversion is compulsory . ( Please Recheck this Independently , also ,and Please take No Investment Decision based on our Comments )

Some Non Reliance Employee Shareholders , who are aggrieved by this move are talking about challenging it in the NCLT, Mumbai. ( Please Recheck this )
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OLD POST

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