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RNRL

Capital market regulator Securities and Exchange Board of India (Sebi) has asked Anil Ambani, two companies that he heads and four executives belonging to the group for explanations over what it referred to as “certain dealings”, without elaborating. The show cause notices have been issued in connection with stock market transactions It also said that [...]

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India’s most valuable company, Reliance Industries Ltd (RIL), is expected to post higher revenue and profit for the quarter ended March, benefiting from improved crude refining margins and gas output from the Krishna-Godavari (KG) basin. Net profit is likely to increase 31% from a year earlier to Rs5,078.17 crore in the January-March period, according to [...]

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How experts view Reliance Power-RNRL merger?

Stock-News

In a mega Rs 500 billion deal, Anil Ambani group Sunday announced merger of RNRL with another group firm Reliance Power, which would now become a direct beneficiary of the gas deal signed with Mukesh Ambani-led Reliance Industries. As part of the all-stock deal, Reliance Power will give one of its shares for every four [...]

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RNRL, R-Power agree to merge : Ration 1:4

Stock-News

Analysts say that the swap ratio may lead to a downside in RNRL’s stocks when trade opens on Monday Reliance Natural Resources Ltd (RNRL), the gas trading arm of the Reliance-Anil Dhirubhai Ambani Group (R-Adag) will be merged with Reliance Power Ltd (R-Power), with shareholders of the former receiving one share of R-Power for every [...]

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RNRL, Rel Power merger on cards?

Stock-News

The gas-based energy resulting company Reliance Natural Resources (RNRL) and its other group companies controlled by billionaire Anil Ambani have been in news since the end of a high-profile gas supply dispute with his brother. CNBC-TV18 now learns that Reliance Power and RNRL will consider a merger in a share swap deal on Sunday. It [...]

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RIL –Buy- Angel Securities

Broker tips

Reliance Industries (RIL) and Reliance Natural Resources (RNRL) have entered into a new gas supply agreement, as directed by the Supreme Court. The Supreme Court had ordered the two companies to renegotiate the Gas Supply Master Agreement, which was signed between the Ambani brothers as part of the business de-merger in 2005. While the companies [...]

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Anil Dhirubhai Amabani Group (ADAG) Stocks: Which ones are experts betting on?

Stock-News

Anil Dhirubhai Ambani Group (ADAG) stocks have been fire for the last couple of sessions. In an exclusive interview with CNBC-TV18, Deven Choksey, MD, KR Choksey Securities and SP Tulsian, sptulsian.com, talk about which ones you should be betting on and which ones fundamentally appear attractive from that pack. Q: Let us start with Reliance [...]

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SP Tulsian’s views on BoR-ICICI Bk merger, RIL-RNRL talks

Stock-News

The Bank of Rajasthan board has given an in-principle nod for merger with ICICI Bank. The promoters of Bank of Rajasthan (BoR) have agreed to merge with ICICI Bank. Both have agreed to a share swap of 1:4.72. In terms of quantity, every 118 shares of BoR will get 25 shares of ICICI Bank. Commenting [...]

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RNRL’s FY10 net grows 4.94%

Stock-News

Anil Dhirubhai Ambani (ADAG) led Reliance Natural Resources (RNRL) has announced its financial results for the year ended March 31, 2010. The company’s net profit for FY10 has gone up by 4.94% to Rs 73.32 crore from Rs 69.87 crore for FY09. The total income during 2009-10 fiscal stood at Rs 466.02 crore against Rs [...]

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RNRL may slip to Rs 40: Thacker

Stock-News

Technical Analyst, Mitesh Thacker is of the view that Reliance Natural Resources (RNRL) may slip to Rs 40. Thacker told CNBC-TV18, “I think the stock has taken a lot of hit with the kind of news flow we have seen. It has broken below the Rs 61 mark where the stock had spent a lot [...]

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