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Posted by :
NAUGHTY007will we get 135 levels?...
Mr Anil Ambani appears in SC for hearing
Posted by : sd3
Its masterstroke from Mr jethmalani
sd3.....
Mr Anil Ambani appears in SC for hearing
Posted by : mylo
`Anil Ambani entitled to be RIL VC if de-merger fails,NEW DELHI: Stumbling blocks for resolving the gas row between the Ambani brothers can be removed by putting together the family MoU and the demerger scheme, Anil Ambani-led RNRL told the Supreme Court on Wednesday. RNRL said these factors were pivotal for arriving at a suitable arrangement and even the two Benches of the Bombay High Court have held that the Mukesh Ambani group RIL`s Board and its Directors were aware of the binding nature of the MoU which provided the road map for the demerger scheme. "The MoU was binding on all. We have concurrent findings of two courts below," RNRL`s counsel Ram Jethmalani told the Bench headed by Chief Justice K G Balakrishnan. He was referring to the decision of the Single Judge and Division Bench of the High Court which had held that MoU was known to the RIL on which it was acting till the dispute was brought before the Court. The 2005 family MoU involving their mother Kokilaben led to the division of RIL between the Ambani brothers. The senior advocate said if RIL was not aware of the binding character of the MoU then how did they come to know about the arrangement for the supply of 28 mmBtu of gas to RNRL. "The MoU was in the knowledge of the RIL Board and its directors who were acting upon it. If RIL was not aware of the MoU how could they know about the supply of 28mmBtu of gas. All this show that RIL accepted that MoU was binding on them. Only when the dispute came to the court, they came out for the first time to say MoU was not binding," he said. The High Court had on July 15 asked RIL to supply gas at USD 2.34 per unit to the RNRL for 17 years from the KG Basin.
The Ambani brothers are engaged in a high-voltage legal battle over the supply and price of the gas from KG basin.
While RNRL is seeking gas at a committed price of USD 2.34 per unit, RIL says it cannot honour the commitment made in the family agreement due to government`s pricing and gas policy.
Countering the arguments of RIL that MoU was not binding, Jethmalani said the company and Mukesh Ambani cannot be treated as a separate identity.
He said the fact that Mukesh Ambani was acting for the RIL was clear from the July 27, 2004 Resolution by which all powers of RIL Board was delegated to him. "There was no difference between RIL and Mukesh Ambani," Jethmalani said. He was responding to RIL`s contention that only those actions were binding on the company which were authorised by the Board of Directors.
Jethmalani said that while the July resolution clipped Anil`s powers as RIL board`s Vice Chairman and Managing Director and caused humiliation to him, the same resolution gave full powers and controlling stake in RIL to Mukesh Ambani....
Explosive rally on cards
Posted by :
jollyjindalIt has been hammered down badly by the speculators. Due to RIL- RNRL case, it remained subdued. In the month of june when nifty was 4484, rpower share price was 200. Now nifty has gone to 5108.Any positive news from SC will result a BLAST in R power..... non stop rally upto 250... ...
Mr Anil Ambani appears in SC for hearing
Posted by :
vuppala1948
Anil Ambani`s projects have huge gestation period. But, once the gestation period is over, his companies, like Reliance Power should be No.1 in their product lines. RNRL may have other plans - either a merger or an acquisition etc.
Investors have to wait for project completion. But after project completion, R`power and RNRL will not be available at current prices.They will shoot up quickly to 4 figures....
Mr Anil Ambani appears in SC for hearing
Posted by : K_channel
It was a nice move by Anil Bhai to appear in SC this shows his seriousness towards his company and his commitment towards R Power and RNRL and a way to convey the shareholders not to worry
R Power will be a good bet from long term a correction would be a good entry point for R Power The moment Rosa Plant starts running we may have revenue from core business flowing in for R Power
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Mr Anil Ambani appears in SC for hearing
Posted by : K_channel
It was a nice move my Anil Bhai to appear in SC this shows his seriousness towards his company and his commitment towards R Power and RNRL and a way to convey the shareholders not to worry
R Power will be a good bet from long term a correction would be a good entry point for R Power The moment Rosa Plant starts running we may have revenue from core business flowing in for R Power
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multibaggerstockadvisor(dot)blogspot(dot)com
Posted by : Guestwe must be assure about the in-depth study of the stock and sector to have \proper and safe move in this volatile market and to have secured and safe return in this volatile market...
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Posted by : sharekhoj.yes even 133 cross also can show some power.our view which never right ?...
RPower is more than dadri ...
when dardri comes it would be at far higher levels than now .
Check their website for all the projects that are planned .
sd3.....
Best Buy
Posted by : jollyjindal
Big speculators have hammered R power by spreading fear of merger with Relifra, just to buy this wonderful share in bulk at such a low level.Fortunately for these big players, hangover of RNRL- RIL case has helped them to play this game. This is a fundamentally very strong share. At the time of its IPO whole India was crazy for this share & every analyst with no exception, made strong buy recommendations for its IPO, just because of it being a company with strong fundamentals & great future earning potentials. Unfortunately for R power, after its IPO instead of sensex rising to 25000 as everybody was talking, sensex crashed badly and so crashed r power.
As for as question of merger is concerned it is totally baseless to assume that ADAG will do the same as Mukesh Ambani has done with its RPL investors. Anil Ambani has a totally different ideology & values from that of Mukesh ambani.After listing When R power crashed although it was just because of Market fall & public blamed ADAG of charging overprice in IPO,however Anil Ambani set an example by giving bonus shares to its investors out of his own equity. This shows that Anil Ambani has a great concern for his group`s goodwill & wellfare of his investors. How can we expect from such person to do an act (like RPL merger) which will cause its investors loss. These are just rumors which are spread by big players who have vested interests.
Current low price of R power is not justified even if ADAG is not entitled for any gas although chances are very low. So, long & short term investors should just dive into this stock.
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Posted by : saikatdaw
Lots of -ve news on this stock...
1. Chinese workers on business visas were repatriated. Min. of Power has requested them to be exempted as this will cause delays in power projects using Chinese equipments. As we all know almost all of RPower projects are on Chinese tech. So expect delays.
2. Long standing fight between brothers leading to uncertainty of Dadri.
3. Restrictions on chinese power equipment. Assocham has asked for import duty on these. Govt. is seriously considering this. So profitability threat to RPower. ...
