Sebi fines ril entity rs 11 cr in ipcl insider trading case in an over six-year old insider trading case involving shares of reliance industries' erstwhile subsidiary ipcl, market regulator sebi thursday imposed a penalty of rs 11 crore on reliance petroinvestments ltd. Rpil pleaded that the past trading pattern of rpil in the shares of ipcl should have been taken into consideration by the sebi to ascertain whether the relevant trades were conducted on the basis of upsi, as there was no proof incumbent upon it in order to sustain a charge of insider trading. Both firms, reliance petroleum and ipcl, used to be separately listed entities, but were later acquired by ril and got de-listed from the stock exchanges (with inputs from agencies) first.
The acquisition of 26 per cent equity stake in indian petrochemicals corporation ltd (ipcl) by reliance industries from the government is a watershed event, both for the privatisation process and. For example, the acquisition, merger, and demerger of reliance industries ltd like their acquisition of ipcl (5) mergers of reliance petrochemicals ltd, and the recent demergers of four entities like reliance communication ventures ltd, reliance energy ventures ltd, reliance natural resources ventures ltd, and reliance capital ventures ltd. Acquisition of ipcl by reliance the expected had happened unexpectedly while everyone expected reliance to bid for ipcl aggressively, but what an aggression. In may 2002, results of bids to acquire indian petrochemicals corporation ltd (ipcl) were announced reliance industries ltd's bid of rs 231/share was the highest - 76% higher than the bid of the next highest bidder and 74% higher than ipcl's last traded price the case discusses issues in valuing a.
In the case of ipcl, since the scrip has been ruling at rs 110-130 in the last six months, the public offer would have to be made at the acquisition price of rs 231 per share reliance had outbid downstream petroleum major indian oil corporation and detergent maker nirma by nearly 80 per cent to acquire 674 million shares of ipcl. Struck by liquid gold the reliance acquisition of ipcl sends a monopoly scare through the petrochem market arindam mukherjee , arijit barman 03 june 2002. Merger, and demerger of reliance industries ltd like their acquisition of ipcl mergers of reliance petrochemicals ltd, and the recent demergers of four entities like reliance com. Read acquisition of ipcl by reliance free essay and over 88,000 other research documents acquisition of ipcl by reliance acquisition of ipcl by reliance the expected had happened unexpectedly. In 2002-03, it had acquired 46% stake in ipcl through its investment company reliance petro investments limited at the cost of approx rs 2638 crore in march 2007, ril announced ipcl's merger with itself retrospectively from 1st april 2006 and with the swap ratio of 1:5.
The acquisition of ipcl and its subsequent merger into reliance brought new product categories to reliance this provides the sector with a natural hedge against business cyclicality in individual product categories. In this issue india: sebi disposes off insider trading charges against reliance petroinvestments ltd the issue occurred in february 2007 when alerts were generated on the share market regarding dealing in shares of indian petrochemical corporation limited (ipcl. Ril board approves interim dividend of rs 11 per share ipcl board approves interim dividend of rs 6 per share mumbai, march 10, 2007: the board of directors of reliance industries ltd (ril) and indian petrochemicals corporation limited (ipcl) have unanimously approved the scheme of merger of ipcl.
Reliance industries limited (ril) acquisition, demerger 1 introduction it is a well known fact that the way to growth is either through greenfield expansions. Mukesh ambani strategic management we can conclude that the reliance-ipcl merger a tactical masterstroke by mukesh ambani resulted in profit of rs 1,163 crore. Arun shourie, india's disinvestment minister, stated that reliance was chosen as a strategic partner for ipcl as it bid the highest amongst the three bidders for the 26% stake, according to the times of india.
Miltinational acquisition eaton corporation recently made an acquisition of cooper industries eaton corporation was founded in 1911 by joseph eaton. After the launch of reliance jio, brother mukesh ambani and anil ambani, who split ways following the death of dhirubhai ambani in 2002, find themselves in the same sector, but their fortune seems. We glance at the recent prominent mergers in the country followed by a case study on the horizontal merger between the reliance industries ltd and indian petrochemicals corporation ltd in the year 2006 showing the impacts of merger and acquisition. In an over six-year old insider trading case involving shares of reliance industries' erstwhile subsidiary ipcl, market regulator securities and exchange board of india (sebi) today imposed a.
Th acquisition s m fakih of ipcl by reliance 29 december 2006 acquisition of ipcl by reliance the expected had happened unexpectedly. Reliance industries limited: major milestones & strategies acquisition strategy 2002 reliance acquired control of indian petrochemicals corporation limited (ipcl. Since the acquisition, meswani said reliance has improved productivity at ipcl's plants in gandhar, baroda and nagothane while reducing production costs by 7 percent. Mukesh ambani got reliance industries and ipcl younger brother anil ambani received telecom, power, entertainment and financial services business of the group the anil dhirubhai ambani group includes reliance communications, reliance infrastructure, reliance capital, reliance natural resources and reliance power.