The Hindu Business Line : Reliance Comm to get listed by March 10 — Other ADAG listing schedules in February

RELIANCE Communication Ventures Ltd will get listed on the bourses by March 10, according to the Reliance-Anil Dhirubhai Ambani Group (ADAG) release on Wednesday.

Two of the other three demerged companies whose control passed hands to the ADAG yesterday will get listed in the second half of February while the third company will get listed in the first week of March.

The boards of directors of the four companies, which held meetings today, also decided to submit revised Information Memoranda to the BSE and the NSE at the earliest, to facilitate early listing.

According to the release, the proposed listing schedule of Reliance Capital Ventures Ltd (RCVL) is during the week starting February 13, Reliance Energy Ventures Ltd (REVL) on February 20, Reliance Natural Resources Ltd (RNRL) on February 27, and Reliance Communication Ventures Ltd on March 6.

This means that the listings of the four companies are to be completed by February 17, February 24, March 3, and March 10 respectively.

At the meetings held today, the board of directors of each of these companies reviewed the listing documents.

Reliance-ADAG has already communicated to the SEBI, BSE, and the NSE in this regard and requisite approvals are awaited, the release said.

Amalgamations: The boards of RCVL and REVL also approved amalgamation of the companies with Reliance Capital Ltd (RCL) and Reliance Energy Ltd (REL) respectively.

Earlier, the boards of RCL and REL had approved the amalgamation schemes on January 2 and January 3 respectively.

The amalgamation scheme proposes a share swap ratio of five equity shares of RCL for every 100 shares of RCVL and 7.5 equity shares of REL for 100 shares of REVL (all shares of Rs 10 face value).

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