REVL files information memorandum
Anil Ambani-controlled Reliance Energy Ventures filed the information memorandum with the stock exchanges for listing the company.india Updated: Feb 21, 2006 11:38 IST
Anil Ambani-controlled Reliance Energy Ventures Ltd on Tuesday filed the information memorandum with the stock exchanges for listing the company.
REVL is the second of the four demerged entities of Reliance Industries Ltd (RIL), which are now under Anil's control, to file the information memorandum.
REVL will be listed after it gets approval from the stock exchanges.
Reliance Capital Ventures Ltd got listed on the bourses on Tuesday at Rs 24.80 on Bombay Stock Exchange and Rs 24.50 on the NSE.
Besides REVL, the ADAG group also plans to list Reliance Natural Resources Ltd (RNRL) and finally Reliance Communications Ventures Ltd (RCoVL).
The listing of these four companies would be followed by a merger of REVL and RCVL with the utility major Reliance Energy Ltd (REL) and Reliance Capital Ltd (RCL) respectively.