Anil's cos to begin listing from Feb 13
Anil's Group announced the process for listing of the four new companies, which were transferred by Mukesh to them.india Updated: Feb 09, 2006 12:19 IST
Moving quickly towards listing of the four new entities he got on Tuesday from elder brother Mukesh, younger sibling Anil on Wednesday decided to start putting the companies one by one on the bourses from the week beginning February 13.
Reliance Capital Ventures would be the first company to be listed in the week beginning February 13, followed by Reliance Energy Ventures, Reliance Natural Resources Ltd and Reliance Communication Ventures every subsequent week.
But before going for the listing, Anil Ambani took over as Chairman of the four companies in the first meeting of the reconstituted Boards where the listing schedule was decided, an Anil Dhirubhai Ambani Group statement said.
Ahead of the listing, the Boards of all the four companies also reviewed the listing document, including draft information memorandum for each of the entities that was submitted to Bombay Stock Exchange and National Stock Exchange when they were under the control of Mukesh-run Reliance Industries.
The Boards of these companies also decided to revise the information memorandum with "correct information and details" for sending it to stock exchange authorities at the earliest.
As part of the process, the companies also communicated to market regulator SEBI and the two stock exchanges, the decisions taken at the meetings of the respective Boards and said the requisite approval was now being awaited.
First Published: Feb 08, 2006 14:56 IST