Reliance Energy Ventures History | Reliance Energy Ventures Information - The Economic Times (2024)

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What happened to Reliance Energy Ventures? ›

A day after the merger approval of Reliance Capital with RCVL, Anil Ambani-controlled Reliance Energy Ltd on Tuesday approved the merger of Reliance Energy Ventures Ltd (REVL) with itself for which the share swap ratio has been fixed at 7.5:100.

Reliance Energy Ventures (REVL), was originally incorporated in 2000, as Reliance Terra Networks Private Limited. The status of the company changed from private limited to public limited on July 25, 2005. The name has since been changed to its present name, viz. Reliance Energy Ventures.

Reliance Infrastructure Limited (R-Infra), formerly Reliance Energy Limited (REL) and Bombay Suburban Electric Supply (BSES), is an Indian private sector enterprise involved in power generation, infrastructure, construction and defence. It is part of the Reliance Anil Dhirubhai Ambani Group.

Reliance Energy today approved the merger of Reliance Energy Ventures Ltd (REVL) in a 7.5:100 swap ratio. This means shareholders of REVL will get 7.5 shares of Reliance Energy for every 100 shares they hold.

Shareholding. The number of shares of RIL are approx. 644.51 crore (6.44 billion). The promoter group, the Ambani family, holds 50.39% of the total shares whereas the remaining 49.61% shares are held by public shareholders, including FII and corporate bodies.

As per the NCLT order and SEBI (Delisting of Equity Shares) Regulations, 2021, the equity shares of RCL will be delisted from stock exchanges. The liquidation value for RCL's equity shareholders is determined to be NIL, meaning they won't receive any payment or offer.

Corporate : Anil Dhirubhai Ambani is one of India's leading business leaders and founder of the Reliance Group; whose constituent business enterprises are engaged in pivotal roles in the ongoing economic transformation of India.

It was the first privately owned Indian company to enter the Fortune 500. Headquarters are in Mumbai. Reliance Commercial Corporation was set up in 1958 by Dhirubhai Ambani as a small venture firm trading commodities, especially spices and polyester yarn.

Reliance Industries Limited

Reliance New Energy Solar Limited / Parent organization

What is the new name of Reliance? ›

The changed name is effective from 25 July, 2023.

"The name of the Company stands changed from Reliance Strategic Investments Limited to 'Jio Financial Services Limited' effective July 25, 2023," the firm said in a stock regulatory filing.

The name Reliance Capital came into effect on 5 January 1995. In 2002, Reliance Capital Ltd shifted its registered office to Jamnagar in Gujarat before it finally moved to Mumbai in Maharashtra, in 2006. In 2006, Reliance Capital Ventures Limited merged with Reliance Capital.

Reliance Energy Ventures Limited (the Coal Based Energy Resulting Company) was originally incorporated on the July 3, 2000, under the Companies Act, 1956 as Reliance Terra Networks Private Limited. The status of the Company changed from private limited to public limited on July 25, 2005.

The Reliance ADA Group was formed in 2006 after the two brothers Mukesh Ambani and Anil Ambani, split Reliance Industries in December 2005. Anil Ambani got the responsibility of Reliance Infocomm, Reliance Energy, and Reliance Capital.

RNRL has become a wholly owned subsidiary of RPower and its shares have ceased to be tradable on the stock markets with effect from November 9, 2010. The move comes after Bombay High Court last month approved the merger of both entities.

With this, equity shares of Reliance Capital will get delisted from the stock exchanges and the entire existing share capital of Reliance Capital will be cancelled and extinguished for 'zero' consideration. In simple terms, equity shareholders (stock investors) will get nothing from the resolution.

As part of the Insolvency Resolution Process of Reliance Communications (RCom), its existing shares have been suspended from trading. What does this mean? A company is suspended from trading if it doesn't comply with the Exchange regulations.