any idea regarding when this deal be finalized...all I hear is that next week an announcement would be made ... even the buyer has not yet been decided......

is there any way to find out the current holding of reliance. iw ant to know whether they sold out some shares recently by planting the news...

The moneycontrol details are wrong. Checked on the nseindia website, Reliance Growth Fund helds 6.60 % of the company`s share capital as on 30.06.2009. ...

Yes even other websites indicate only SBI magnum is holding this stock....

ok now wat was there for for investors of pyramid saimira whther sebi wants all investors to hold current positions and sebi told that promotors was banned for trading in market but still this stock opens completely down circuit then howinvestors can exit it was open cheating all gambling and even if the promotors was benn banned from trading they can use their staffs or friends to trade as same before so no use of sebi now it was almost end ...

Yes, you are right. Thanks....

poeple will not care any warnings, let them lose....

promoters hold only 37 %. Open offer will be for 20%. Buyers will be holding majority stake of 57 %. Open offer will be for 20 % of shares from 63% in market with ratio of 1 accepted for every 3 offered. ...

Good News, the story of Relaince MF moving out of the script is wrong. Holding of the Reliance Growth MF in the script as on 30.09.2009 is still at 6.60%. No sale by them during the quarter as had been anticipated. Avaya has hit the upper circuit today....

Wait for one more week and by then the holdings pattern as on 30.09.2009 in the company will be out....

The moneycontrol details are wrong.
Checked on the nseindia website, Reliance Growth Fund helds 6.60 % of the company`s share capital as on 30.06.2009. ...

Surprise.. Surprise..

As per the moneycontrol website itself, Reliance Mutual Fund does not have any holding in the company from March to August 2009. SBI Magnum Balanced Fund is the only mf with holding in this company for the last 6 months.

Question of Reliance Mf moving out from the stock has no value as they are not in it in the first place or either moneycontrol website is wrong or Reliance has holding/interests in undisclosed names....

SEBI has done its job though being late. However it os late and of no use. The case will now be handled the the criminal courts. Knowing the present judicial system of India, we will have no judgements but only a flurry of dates and losing parties appealing in higher courts. The case will go on forever and be forgotten and only end after death of all the culprits with no respite for the investors whose hard earned money is now lost ...

It is no longer a birla group company. About 55 % stake is held by foreign promoter - Cementrurn I B V, who bought out the birla holdings and the open offer is also now history....