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(From India Business Insight)
The amalgamation of Reliance Capital Ventures Ltd (RCVL) with Reliance Capital Ltd (RCL) and Reliance Energy Ventures Ltd (REVL) with Reliance Energy Ltd (REL) has resulted in RCL and REL allotting their shares to the shareholders of RCVL and REVL. According to the scheme of merger and allotment of shares, RCVL shareholders were to get five shares of RCL against 100 shares held in RCVL.
Under this ratio, the 13.62 lakh shareholders of RCVL …