03 March 2009

RIL-RPL Mega Merger

Board approves RIL-RPL merger; swap-ratio at 1:16
RPL shareholders will get one RIL share for 16 shares as part of merger. Why RIL wants to merge with RPL I How investors can benefit from the merger
RIL to become world's 13th largest refinery
RIL will issue one share for every 16 held in RPL, giving it direct control of the world's largest refinery complex.
Current RIL valuations show limited upside: BRICS
Current valuations of RIL show limited upside, said BRICS Securities following the company's announcement that it will merge with its subsidiary, Reliance Petroleum.
Chevron to get Rs 1,350 cr for offloading stake in RPL
Reliance Industries said that it will buy back US energy major Chevron's five per cent stake in Reliance Petroleum for Rs 1,350 crore at Rs 60 a share.
RIL-RPL merger valuation a challenge
The two major factors that were considered included the financial performance of the cos and the future potential. Gainers: BSE ( A, B ) NSE Losers: BSE ( A, B ) NSE
RIL-RPL merger to create largest refining capacity
Merger between RIL and RPL will give benefit of combined operating profitability to the merged entity. Why RIL wants to merge RPL I How investors can benefit
Reliance says amalgamation to be tax neutral
Reliance Industries said that its absorption of its Reliance Petroleum unit will be tax neutral for both the entities.
RIL-RPL swap ratio evokes mixed response
The merger ratio of Reliance Petroleum with parent Reliance Industries has drawn mixed reactions from the stock market.
RIL sees break-even in KG basin gas ops in 2009-10
RIL is expected to start production of gas in March and the company is likely to log bumper profits in the subsequent years.
How investors can benefit from RIL, RPL merger
If the equation between RIL and RPL shares moves above 1:15 in stock mkt, RPL shareholders would do better by switching to RIL.
RIL-RPL merger makes perfect sense
The RPL-RIL merger would create truly global-scale operations, and more.
RIL-RPL swap to keep market buzzing
Shareholders of RIL and RPL are likely to wait for the merger-swap ratio announcement before deciding on the next course of action.
RIL expects profits from KG basin gas in 2009-10
Reliance Industries may incur a projected loss of Rs 4,005 crore from the sale of gas from its D-6 block in the Krishna Godavari (KG) basin in the 2009 fiscal.
Why RIL wants to merge RPL with itself
There is speculation that RPL is sitting on inventory losses and may need balance sheet support from RIL. Factors for successful M&As Formula for successful biz
Chevron to exit RPL; sell 5% to RIL
RIL's holding in RPL will increase from 70.38% to 75.38% after the purchase. Globe's biggest M&A dealmakers Top 10 oil producers Largest refining companies