Ada is Considering Diluting His Equity Stake in Reliance Power
Antonio asks:
ADA is considering diluting his equity stake in Reliance Power to the extent that the effective cost of share acquisition by AAA Investments (A personal ADA firm), Reliance Energy and the retail investor will be at par. At the moment AAA Investments and Reliance Energy in which ADA holds over 40% obtained nearly all of their shares at the face value of Rs 10 per share while the investors had to shell out Rs 450 - 430 per share.
ADA is considering acceding to the demand made by investors even pre IPO that the cost of the share of a Shell company like RPL must be same for the common investor and the promoters which include ADA mostly through AAA Investments and his portion of the share in REL.
Meanwhile it is learnt that the RPL debacle and the role of certain Mutual funds may also be raised by parliamentarians with the power that be.
ADA is considering diluting his equity stake in Reliance Power to the extent that the effective cost of share acquisition by AAA Investments (A personal ADA firm), Reliance Energy and the retail investor will be at par. At the moment AAA Investments and Reliance Energy in which ADA holds over 40% obtained nearly all of their shares at the face value of Rs 10 per share while the investors had to shell out Rs 450 - 430 per share.
ADA is considering acceding to the demand made by investors even pre IPO that the cost of the share of a Shell company like RPL must be same for the common investor and the promoters which include ADA mostly through AAA Investments and his portion of the share in REL.
Meanwhile it is learnt that the RPL debacle and the role of certain Mutual funds may also be raised by parliamentarians with the power that be.
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