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Reliance Capital Ventures to list on Feb 21

Our Bureau

Mumbai , Feb. 17

Reliance Capital Ventures Ltd (RCVL) is to get listed on February 21, a release from Reliance - Anil Dhirubhai Ambani group said here on Friday. This would make RCVL the first among four companies demerged from Reliance Industries to get listed on the bourses.

It was only on February 13 that RCVL filed a revised memorandum of information with the stock exchanges for listing the company. As per a release from Reliance- ADA group on February 8, the listing of RCVL was slated latest by today.

According to the release, the proposed listing schedule of RCVL was during the week starting February 13, Reliance Energy Ventures Ltd (February 20), Reliance Natural Resources Ltd (February 27), and Reliance Communication Ventures Ltd (March 6). Thus, the listings of the four companies were to be completed by February 17, February 24, March 3, and March 10, respectively.

After listing, RCVL would be merged with Reliance Capital Ltd at a ratio of five shares of Reliance Capital for every 100 shares of RCVL.

The Reliance Capital share closed on BSE today at Rs 444, down 3.32 per cent from the previous close of Rs 459.25.

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