Date:07/03/2006 URL: http://www.thehindubusinessline.com/2006/03/07/stories/2006030703851500.htm

Back De-merger enhances value by Rs 35,024 cr

Our Bureau

Mumbai , March 6

An additional value of Rs 35,024.50 crore was unlocked through the de-merger of Reliance Industries Ltd (RIL), followed by the listing of the four companies spun-off from the parent, going by the Monday's market capitalisation.

The four de-merged companies are Reliance Capital Ventures Ltd. (RCVL), Reliance Energy Ventures (REVL), Reliance Natural Ventures (RNRL) and Reliance Communication Ventures Ltd (RcoVL).

On the last day of the trading before the de-merger (January 17), the RIL stock closed at Rs 928.15, making the market capitalisation at Rs 1,29,338.45 crore.

At the current prices, the four newly formed companies have a market capitalisation of Rs 46,207 crore. This is after adding the individual market capitalisation of the four entities at current prices.

These companies are individually valued at Rs 2946.30 crore for RCVL (at Rs 24.15 per share), Rs 5532.70 crore for REVL (Rs 45.35), Rs 2208.20 crore (at Rs 18.10) and Rs 35,520.30 crore for RcoVL (at Rs 291.15). Currently, the RIL shares (sans the four entities) closed at Rs 731.90 on BSE at a market capitalisation of Rs 1,02,033 crore.