Tag Archives: anil dhirubhai ambani

Reliance Energy Share Buyback – yet another move

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After it’s 3 free shares for every 5 held, yet another move made by Anil Ambani to reduce losses and restore investor confidence by share buy-back.

Reliance Energy Ltd board has approved a buyback of shares worth up to Rs 2,000 crore (20 billion rupees) from the open market at a peak price of Rs 1,600 a share, a 9.6% premium.

Reliance Capital into microfinance initivative

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Reliance Capital Limited (RCL) , Anil Dhirubhai Ambani Group’s financial services arm launched its microfinance initiative.

Reliance Capital is joining hands with two Gujarat-based microfinance institutions — MAS Financial Services and Vardan Trust to enhance penetration of microfinance in the country.

Anil Ambani’s wife Tina Ambani launched the initiative and handed over the first disbursement cheques.

Reliance Power Bonus : 3 Free Shares For Every 5 Held

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 Pic: Mr Anil Ambani, Chairman, Reliance Power, announced a 3:5 bonus issue for the shareholders.

Reliance Power Ltd (RPL), part of the Reliance Anil Dhirubhai Ambani Group (RADAG), announced it would give 3 bonus shares for every 5 held in an effort to reduce losses by shareholders after the poor performance of the stock after its listing on February 11.