Reliance retail investors suffer. Stock Market News.

Reliance retail investors suffer from RIL offer, half of the wealth cleared in one stroke.

New Delhi: The value of Reliance Retail's shares in the unlisted market halved overnight. On Thursday, the stock plunged by about 50 per cent. Actually, Reliance Industries (RIL) has introduced a share exchange scheme for the shareholders of Reliance Retail. On the basis of the market cap, the country's largest company has proposed to change the shares in the ratio of 4: 1. Investors will get one share of RIL for four shares of Reliance Retail. According to market experts, this is a loss deal for the shareholders.

Based on this ratio, Reliance Industries is valuing its retail business at Rs 2.5 lakh crore. Sandeep Ginodia of Abhishek Securities said, "Many retail investors have lost half their wealth, as its value was estimated at Rs 5 lakh crore in the unlisted market."

According to Ginodia, he made the last deal for Reliance Retail at 850 to 900. RIL has put the value of its retail unit between Rs 2.5 to 2.75 lakh crore, due to which these shares have been priced between Rs 475 and Rs 500.

Reliance Industries holds 99.95 per cent stake in Reliance Retail Ventures. It has about 2.5 million shares in the unlisted market. Reliance Retail employees were given shares of the company under certain schemes and schemes. All these employees will be able to participate in this exchange scheme.

According to stock market experts, this scheme is going to be mandatory. Traders will have no option of not doing a stock exchange. However, according to company officials, the scheme is being introduced to provide liquidity to the employees of Reliance Retail.

RIL has said in a petition to the Mumbai branch of NCLT that apart from Reliance Retail Ventures, shareholders of Reliance Retail want to sell their shares. In view of this, the company's promoter Reliance Industries has proposed to swap the shares. In fact, Reliance Retail owns 99.95 per cent stake in Reliance Retail, which is wholly owned by Reliance Industries. In this way, Reliance Industries also owns Reliance Retail.

Dinesh Gupta of Unlisted Zone said, "The demand for these shares is very good in the off-market. Business is also happening at a rapid pace. In such a situation, there is no need for liquidity to give employees an opportunity to sell shares. Their exit route Already had. "

He said that perhaps Reliance Industries wants to launch an IPO of Reliance Retail soon. Therefore, it wants to liquidate its shares in the unlisted market. This exchange will have 100% stake in Reliance Retail through Reliance Retail Ventures to RIL. Ginodia said that the stock had high liquidity and demand was also high. He told, "This stock started trading at a price of Rs 475-500 and after that, it showed good momentum continuously."

Sagar Shah of Ascent Wealth Advisors said that the price of the shares has been decided on the basis of any other shares, which do not have the potential to be a long-term real business. Reliance is active in the retail, business, data, telecom, petrochemical and refining businesses.

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