IPCL Slips
The market was buzzing with the news of the merger of RIL with IPCL and the possible swap ratios,but RIL announced the 1:5 swap ration on saturday(10 March 2007).So shareholders will get a share of Reliance Industries (RIL) for every five they hold in IPCL.
The IPCL scrip had spurted over the past two days on expectations of a favourable ratio of merger with Reliance Industries. From Rs 231.65 on 7 March 2007, it had spurted 15.9% to Rs 268.60 by 9 March 2009 after RIL announced after trading hours on Wednesday (7 March 2007) that it was considering a merger of IPCL with itself.
For more news click here
The IPCL scrip had spurted over the past two days on expectations of a favourable ratio of merger with Reliance Industries. From Rs 231.65 on 7 March 2007, it had spurted 15.9% to Rs 268.60 by 9 March 2009 after RIL announced after trading hours on Wednesday (7 March 2007) that it was considering a merger of IPCL with itself.
For more news click here
Labels: IPCL, RIL, RIL-IPCL merger, RIL-IPCL swap ratio
posted by SY at 12:50 PM
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