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Does any one get the reliance Bonus share
Posted by :
pns06If I purchase today then I will be entital for bonus share...
Reliance plans aggressive exploration
Posted by :
bhusbhacAlso certainly ETHICS of Anil Ambani and many boarders who are spreading baseless rumours and allegations are at stake....
Reliance plans aggressive exploration
Posted by : bhusbhac
Another point on which some MMB boarders are disputing on whether the MOU is clear about the Dadri plant or not is the fact that ADAG has entered into agreement for 5 years at US$ 4.24 plus marketing margin. They have disputed the marketing margins however ar epaying that nevertheless.
So until the Dadri project comes up, if at all, whether it will be gas fired or not and to what extent since the project has phases is to be arrived at for finalisation of any agreement and its terms if undertaken by HSC.
As such supplying gas at US$ 2.34 for peak quantity of 28 mmmscmd is not a major loss to RIL so long as it is through the PSC in which case GOI loses most of the profits under the PSC....
Reliance plans aggressive exploration
Posted by : bhusbhac
The first question GOI raised in HSC is that the Dadri Plant has not come up as yet.
So if one cannot tolerate the word Dadri for which the highest IPO RPOWER was floated there is no other ready unit which can consume 28 mmscmd. If RNRL buys and acquires several projects only then there is another dispute whether the MOU is based on Dadri or not.
The MOU clearly states that gas has to be supplied to Anil in order to take REL to greater heights. there is NO mention of RNRL which concession was given in the GSMA which Anil Ambani has disputed since it is not bankable and since the director who signed on his behalf was arm twisted.
Then there is a sharing arrangement 60% in RIL favour and 40% in Anil Ambani`s favour which is at MARKET PRICE.
So when once was enough this Dadri project has to be referred more than 100 times since some VISCIOUS boarders are not getting in their shallow heads....
Reliance plans aggressive exploration
Posted by :
fortisThanks. Majority of peolple are honest and ethics are important. I hope un-ethical goons will be punished soon. ...
Reliance plans aggressive exploration
Posted by : bhusbhac
WHOLE MOU at US$ 2.34 is on Dadri Plant upto 28 mmscmd and anything above that is on MARKET PRICE with first right of refusal on Anil Ambani which he already has stated that he will not be pressing for due to the GUP.
If anyone of you does not have the HHC judgment in hand please do not comment and go even beyond the MOU. Most of the MOU or at least most of the relevant portions are reproduced in teh 328 page judgment....
Reliance MOU
Posted by : bhusbhac
fortis - Learned Ram Jethmalani says that the MOU is not clear abaout the suitable arrangament however he wants to prove his points with correspondence and circumstantial evidence.
ONCE AGAIN certainly Anil Ambani is due for some compensation and settlement under the MOU IF the question is whether RIL and / or Mukesh Ambani and / or BOTH have to fulfill the arrangement.
Also do UNDERSTAND that RIL cannot give the concession to RNRL of its own. If RIL does that then they have to compensate GOI and there are IT problems concerning supplies to blood relations. Hence if a court of law ORDERS then it will get included in the PSC in which case GOI lose much more of the profits then RIL.
Now mistake was made and the ONLY way it can be sorted out is through a court order. So winning and losing is not the questyion at all. How much the valuation of RIL changes, if the worst is not discounted already, is the terse question.
So please restrict yourself to the valuations. This entire MMB will be benfitted. The most adverse condition was Rs 100 to Rs 150 which has been countered substantially with other unrelated developments.
Anyway the Dadri Project will come up only after 2 - 3 years and provided it is wholly gas fired. So there exists a possibility that RNRL will not need much gas, if at all. Within the next 2-3 years RIL will get the capex back and mostly deploy in overseas acquisitions and a small proportion in gas production to reach 80 mmscmd or 100 mmscmd as soon as possible....
Does any one get the reliance Bonus share
Posted by : GuestHow come ? That means we are denied ligitimate holding of our shares for 30 days !! Let us take up the matter with SEBI immediately....
Reliance plans aggressive exploration
Posted by : maximindiafortis Somebodu thinks that High court judges were fools and delivered judgement in favour of A.DADRI DADRI DADRI I m fedup reading this word 100 times as if whole MOU was on DADRI.D whole question 4 layman like me is INDIAN ETHICS OF TRUST AND AGREEMENT and in this M has failed in this test.I m not a fan of A but a fan of Indian ethics....
Reliance plans aggressive exploration
Posted by : jljainboth are together only but are separate for investor world...
Reliance MOU
Posted by : fortisU are missing the point. You will catch up with reality soon..may be few weeks or months! I have nothing to say except an MOU is is an mou and is valid. if SC wants to keep the public in view it will make sure that MOU is valid and loss to govt if any in taxes will be made good by the invloved. Buy ADAG stocks? Thanks for your tip. I don`t really care if my RIL or R com/ RNRL makes money or not/All the group compnies are good and will hold for next 3/4 years. Have a great day....
Reliance plans aggressive exploration
Posted by : bhusbhacfortis - If ALL were cheats then according to common law this word should be removed from the English dictionary and our judiciary. However there are always exceptions to the rule which prove the point the word is meant to....
Reliance MOU
Posted by : bhusbhac
iinvestr - Yes it is foolish to give our judgment in this case. However we can speculate on the outcome and the valuations and buying and selling is going on on this basis. If the case went 100% in favour of RIl then we have to think of RIL at Rs 1,500 ex bonus. This is unlikely.
The nexus between GOI and RIL is nothing new. Anyway RIL is directly and / or indirectly a partner to the GOI under the PSC SO PLEASE DON`T GIVE YOUR JUDGMENT IN THIS CASE AS YOU YOURSELF SAY AND MOST LIKELY HSC WILL NOT BE PASSING ANY JUDGMENT ON THIS EITHER.
Time has elapsed from then to now and the Dadri project is not up as yet.
Of course judgments even in HSC has some human element to it and HSC may view differently. Learned Ram Jethmalani yesterday argued that he agrees that the MOU is not clear however subsequent correspondence and circumstantial evidence is to be taken into account.
He has also argued citing new explanations against new submission of RIL.
GOI is NEWLY represented in this case and has national priority submission. Also HSC seems to have admitted their case and listening to their arguments. Now even if HSC goes in favour of GOI Anil will have only recourse to personal compensation from Mukesh. So I keep REPEATING the latter but you don`t seem to agree that compensation in one form or the other why should it matter to Anil Ambani. Both brothers made an illegal agreement and so it is upto both of them to privately sort it out.
You as even Anil Ambani are bent upon some DESTRUCTIVE judgment with DESTRUCTIVE consequences. Till then I suppose you will not rest.
For straters you are AVOIDING the question of when the Dadri Project will come into existence and whether it will be dependant on gas. As such there does not seem any possibility that Anil will get gas for trading purposes since they do not have a PSC with GOI. You are Anil Ambani`s fan so why don`t you start clarifying some sketchy points. You are just writing this and that and accept all MMB members to follow you. Yes I know the few who will agree with you BLINDLY. That does not make such pessimistic guys like you right in anyway.
Go buy ADAG stocks instead of passing on baseless judgments based on HHC judgment which in itself is not conclusive and BOTH brothers have appealed against it....
Reliance MOU
Posted by : lmp
Any way, there is one Opinion from learned firend;
Reliance Industries (RIL) has target of Rs 1300-1400, says Ambareesh Baliga of Karvy Stock Broking.
Baliga told CNBC-TV18, ...
Can any body tell how Reliance bonus is calculated
Posted by : GuestI got reliance bonus credited to my account thru ECS. I recieved 664 for 36 RIL shares but my colleague holding just 6 shares got 530. Please could any explain how the bonus is being calulated ???...
