Financial Daily from THE HINDU group of publications
Wednesday, Feb 22, 2006
Financial Daily from THE HINDU group of publications Wednesday, Feb 22, 2006 |
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Markets
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Stocks Reliance Capital Ventures gets listed on BSE, NSE Our Bureau
Mumbai , Feb. 21 RELIANCE Capital Ventures Ltd got listed on the BSE and the NSE on Tuesday, thus becoming the first of the demerged companies of the group to get listed on the stock exchanges. On the BSE, RCVL got listed at Rs 24.8 before closing at Rs 22.35. This is in line with market expectations as Reliance Capital Ltd, that is to get merged with RCVL at a swap ratio of five shares of Reliance Capital for every 100 RCVL shares, closed at Rs 458 on the BSE. On the NSE, RCVL was listed at Rs 24.50 and closed at Rs 22.45. The stock saw over 1.88 crore shares changing hands on the BSE while it was traded to the tune of 3.31 crore shares on the NSE. According to a release from Reliance Anil Dhirubhai Ambani group on February 8, RCVL was to get listed during the February 13-17 week. Meanwhile, Reliance Energy Ventures Ltd got in principle approval for listing from the BSE today, the company said. As per the February 8 release, REVL is to get listed on the bourses during the week starting February 20. This means that REVL can be expected to list by February 24. The other two companies to get listed are Reliance Natural Resources Ltd (during the February 27-March 3 week) and Reliance Communication Ventures Ltd (between March 6 and 10).
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