Stock Market

A proposal: Reliance Retail shareholders to exchange their stock for RIL shares

Under this proposed scheme, Reliance Retail shareholders will get one share of RIL in exchange for four shares of Reliance Retail, details of the arrangement uploaded on the RIL web site showed. The swap ratio values the retail business at Rs 2.5 lakh crore.

from Markets-Economic Times https://ift.tt/2MtASAI

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