|
Mukesh Dhirubhai Ambani wrote out cheque for Rs 15,142 cr; promoter stake rebounds to 54.99%
Saturday, October 04, 2008 www.dnaindia.com
(
Business
)
MUMBAI: Mukesh Dhirubhai Ambani wrote the largest-ever cheque by a promoter to purchase a company’s shares on Friday.
Its value? A jaw-dropping Rs 15,142 crore (or $3.2 billion), which is the payment to convert 12 crore preferential warrants into equity shares of Reliance Industries (RIL), making a statement about his confidence in the company.
Two things happen instantly: One, the promoter grou
Tags :
MUMBAI
Mukesh-Dhirubhai-Ambani
crore
RIL
Read
More | Submitted by : corporate
Comments
:
Be
the first person to comment on this article.
|
