Reliance Power: SEBI rules in favour of promoter contribution (The Hindu Business Line 28th Dec 2007) SEBI has ruled that shares issued by Reliance Power Ltd (RPL) to the promoters following the merger of an associate company with itself, can be counted for reckoning the minimum percentage of promoters’ contribution necessary in the context of its forthcoming public issue.
A Rajkot based consumer protection group had argued before SEBI that shares acquired by the RPL promoters consequent to the merger ought not to be considered for this purpose. More
A Rajkot based consumer protection group had argued before SEBI that shares acquired by the RPL promoters consequent to the merger ought not to be considered for this purpose. More
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