Home

Current Waves

  • Home
  • Auto
  • Tech
  • Results
  • Deals
  • Gadgets
  • Showbiz
  • Health
  • Sports
  • IN
  • UK
  • US

Navigation

  • Feed aggregator

User login

  • Create new account
  • Request new password

Recent comments

  • Great innings
    1 year 46 weeks ago
  • Bollywood's fathers
    1 year 46 weeks ago
  • Shakira's Chocolate Obsession
    1 year 46 weeks ago
  • Costly
    1 year 46 weeks ago
  • =)
    1 year 47 weeks ago
  • BEWARE - MAN OR WOMAN WHO INTENDS TO HARASS THEIR SPOUSE !
    1 year 47 weeks ago
  • Hats off the CABINET !
    1 year 47 weeks ago
  • Details of this law
    1 year 47 weeks ago
  • Bhopal Gas Tragedy AND COMPENSATION TO SUFFERERS!
    1 year 47 weeks ago
  • Mamta -Kisenji's allience
    1 year 47 weeks ago
Home

Ambani's R-Power to merge in $11 billion triumph

Submitted by Kulwant Kaler on Sun, 07/04/2010 - 14:33

Anil Ambani’s venture Reliance Natural Resources Ltd. and Reliance Power Ltd. is about to get merged. The duo decided this merger in a meeting with the boards. The all offer is doweled at Rs. 50,000 cr. or $ 11 billion.
It is further worked out that the shareholders of Reliance Power shall get 4 shares of RNRL for every 1 share of Reliance Power. The exchange ratio is worked on the independent valuation crafted by KPMG.

Five years back RNRL was crafted out with the Endeavour done by Dhriubhai Ambani's Reliance realm. The sole aim to churn out this creation known as RNRL was to source, supply and transport the fuels, which is the primarily natural gas.

Accordingly the demerger idea, RNRL was to streamline the natural gas from Reliance Industries and sell it to ADAG power plants entailing the projected mega 7,800-MW located at the Dadri unit built up by R-Power.

Moreover the, Supreme Court on May 7 withholding the government policy related to the pricing and use format of the natural gas, RNRL doesn’t have any role imbibing in the supply of gas to R-Power.

  • Add new comment

Movie Masala

  • Salman Khan asks for re-shoot of 'Character Dheela'
  • AR Rahman Becomes Producer with YM Movies
  • New girl in Shahid's life
  • Yash Raj films unveil a slate of three youth-based films in 2011
  • Yuvraj Singh's special invite to Aamir Khan
  • Katrina Kaif is no more interested in Bollywood Boys
  • Shahid Kapoor spotted with VJ Bani
  • Akshay Kumar Back As The Host Of Khatron Ke Khiladi 4
more

United States News

  • Cat Allergies Could Be Cured With A Simple Injection
more

Similar entries

  • RNRL, Rpower merger talks expected tomorrow
  • RIL to Supply Gas to RNRL
  • RIL may bid for Surguja project
  • Reliance Comm Shares Surge with Expectations of Stake Buyout by AT&T
  • Reliance Venture invests in Bangalore IT firm
  • Essar acquiring Navabharat
  • Reliance Broadcast eyeing Hindi heartland

HealthCare

  • Cat Allergies Could Be Cured With A Simple Injection
more

Latest News

  • Saif excited about walking red carpet at Cannes
  • Love u Mr. Kalakaar completes its shooting in four months
  • Ekta Kapoor in CID
  • Haunted 3D Movie releases today
  • Ranbir's first bash!!
  • Shiney Ahuja has been released on bail
  • Salman invites her ex-girl friend Katrina for lunch
more

Poll

Will you buy Full Featured Mobile Phone from New Companies:

Recent blog posts

  • Government to justify petrol prices hike
  • Brilliant Performance by Saina Nehwal at Indonesia Open
  • UNSC Membership Bid BY India Supported by Britain and France
  • RCOM Ready to Vend Tower Business to GTL
  • Diabetic Women May Not Benefit From Omega-3
  • Sri Lanka Series Will See Dravid and Yuvraj Making a Return to the Indian Team
  • 6,211-cr Capital Infusion in 5 PSBs by the Centre
  • Ad Showing Nitish with Modi Sparks Controversy
  • Nithyananda Returns to his Bidadi Ashram After his Release From Jail
  • India Relaxes Visa Norms for Pak Nationals
more

India Update

  • Salman Khan asks for re-shoot of 'Character Dheela'
  • Ram Gopal Varma To Make A Film On Maria Susairaj Case
  • Health Condition of Sai Baba Stable Now
  • Full Authority to Legal Team Visiting Pakistan
  • Imran Khan drops his honeymoon
more

Syndicate

Syndicate content
  • About Current Waves
  • Letters to Editor
  • Current Waves Team
  • Privacy Policy
  • Contact Us
  • Report Errors
Current Waves Powered by Drupal PressFlow. Hosted by TopNews Media and brought to you by Current Waves Data Section.